The U.S. Securities and Exchange Commission (SEC) has once again delayed its decisions on two highly anticipated cryptocurrency ETFs: the Bitwise Dogecoin ETF and the Grayscale Hedera ETF.
Reasons for the Delay
The SEC did not provide specific reasons for the postponement. However, this reflects the agency's cautious approach towards regulating digital assets. Such delays are often used to gather feedback from the public and industry participants.
Impact on the Crypto Market
These delays underscore the SEC's reluctance to approve altcoin-based ETFs. While Bitcoin and Ethereum ETFs have made some progress, altcoins face more complex regulatory hurdles.
Investor Expectations
The new decision deadline of November 12 extends the uncertainty for investors and crypto enthusiasts waiting for clearer guidance from the SEC on altcoins.
The delay in ETF decisions continues to highlight the complicated regulatory environment within the crypto industry, leaving market participants awaiting future SEC actions.
