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Cryptopotato

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SEC Reviews Grayscale’s Solana ETF Filing, Indicating Possible Shift in Crypto Regulation

  • The U.S. Securities and Exchange Commission (SEC) has acknowledged Grayscale’s filing for a Solana-based exchange-traded fund (ETF).
  • This is the first time the SEC has engaged with an ETF proposal tracking a cryptocurrency that was once considered a security.
  • The SEC's acknowledgment is seen as a positive sign for crypto firms, indicating a possible shift in crypto regulation.
  • The regulator now has a 240-day window to approve or deny the proposal for the Grayscale Solana ETF.

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