January 2025 promises to be an eventful month for the crypto world. With the inauguration of the new US president and the appointment of a new SEC chair, significant changes are expected that could impact the market.
Changes in SEC and Possible Implications
On January 20, 2025, Donald Trump will take office as the President of the United States. The same day, a new SEC chair is expected to be appointed as Gary Gensler steps down. This could affect the ETF approval process, particularly impacting certain altcoins. The new SEC chair, Paul Atkins, faces options to approve, reject, or take additional time to review the ETF applications related to Solana and other cryptocurrencies.
Expectations for Solana and Other Tokens
The SEC will begin reviewing applications for ETFs tied to Solana starting on January 23. Companies like Grayscale, VanEck, 21Shares, Canary, and Bitwise await the SEC's decision. Prompt approval of a Solana-related ETF could serve as a positive indicator for investors, potentially boosting this cryptocurrency's market value.
Projects and Their Prospects in January
In addition to Solana, cryptocurrencies Ondo Finance and ai16z are also attracting investors' attention. One of the key events will be the 'unlocking' of ONDO tokens planned for January 18. Beyond this cryptocurrency, the prospects for ai16z stand out, driven by the active use of AI technologies within its ecosystem.
January 2025 promises to be an exciting month for the crypto world. Attention to political and economic changes may lead to significant market shifts.
