"US SEC Confirms Solana Spot ETF 19b-4 Filing, Positive Signal for Assets Considered Securities"
Summary
- The SEC's acceptance of the 19b-4 review request for the Solana (SOL) spot ETF is said to be a positive signal for assets considered securities by the previous administration.
- Reporter Eleanor Terrett noted that the SEC's recent filing is significant in the context of Solana being considered a security.
- The SEC's move is analyzed to suggest a positive signal for other assets like Ripple.
The United States Securities and Exchange Commission (SEC) confirming the filing of a 19b-4 (review request) for the Solana (SOL) spot ETF is seen as a positive signal for assets previously considered securities by the former administration.
On the 7th (local time), Eleanor Terrett, a Fox Business reporter, stated on her X (formerly Twitter) that "The reason why the SEC's confirmation of the 19b-4 filing related to Grayscale's Solana ETF is significant is because Solana was considered a security by Gary Gensler's SEC."
She further analyzed, "Just a few weeks ago, under Gensler's leadership, the SEC withdrew the 19b-4 submission for the Solana spot ETF. Therefore, this move by the SEC is a good signal for other assets like Ripple, which were considered securities by the previous administration."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
