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Approval on Canary Spot SUI ETF Frozen as SEC Extends Review Clock

  • The US SEC has postponed its decision on the proposed Canary Spot SUI ETF.
  • SEC has delayed the approval of the SUI ETF due to concerns about market manipulation and investor protection.
  • Canary proposed a spot ETF tracking the market price of the SUI token on the Sui blockchain.
  • The SEC's decision delay for the SUI ETF adds uncertainty to regulatory approval for new crypto-based investment products.

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