Summary
- It was reported that approval of altcoin ETFs is unlikely until the new SEC chairman takes office.
- Paul Atkins has been nominated as SEC chairman, but the confirmation hearing schedule remains undetermined.
- The SEC has extended the review deadlines for spot ETFs of XRP, Solana, Dogecoin, Litecoin, and others.
According to cryptocurrency specialist media Coindesk on the 12th (local time), it appears highly unlikely that altcoin Exchange-Traded Funds (ETFs) will be approved before the new Securities and Exchange Commission (SEC) chairman takes office.
President Trump has nominated Paul Atkins as chairman, but a confirmation hearing date has not yet been set.
Previously, the SEC extended the review deadlines for numerous altcoin spot ETFs including XRP, Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC).
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
