SEC postpones decision on Solana spot ETF application, stating that more time is needed to evaluate legal policy issues

According to Decrypt, the US Securities and Exchange Commission (SEC) has announced the postponement of its rulings on multiple Solana spot ETF applications submitted by 21Shares, Bitwise, VanEck, and Canary Capital, stating that more time is needed to address relevant legal and policy issues. The SEC emphasizes that a delay does not necessarily mean a conclusion has been reached and encourages the public to submit their opinions. Although the cryptocurrency industry expects the Trump administration to accelerate ETF approval, analysts remind the market to remain cautious about the progress of the process.