The SEC has announced delays in decisions on several crypto ETFs due to leadership changes within the agency.
Delayed Decisions on Crypto ETFs
The agency delayed proposals for Litecoin, Dogecoin, Solana, and XRP ETFs as well as rule changes related to staking in Ethereum ETFs and options trading on Fidelity’s Ether fund. These delays are due to the anticipated change in SEC leadership.
SEC's Softened Stance on Crypto
Since January, the SEC has dropped cases against Coinbase, OpenSea, Robinhood Crypto, and UniSwap while easing restrictive accounting guidelines in the crypto sector. A new crypto task force led by Hester Peirce is refining digital asset classifications.
Future Prospects Amid Leadership Changes
The SEC extended deadlines until May 14 for decisions on listing options tied to Fidelity’s Ether fund and until April for BlackRock’s Ethereum Trust options. The industry awaits confirmation of Paul Atkins' appointment before proceeding with regulatory initiatives. Approval of previous Bitcoin and Ethereum ETFs has opened new investment opportunities.
The crypto market is currently in a holding pattern, awaiting Atkins’ confirmation to proceed with major regulatory decisions.
