SEC Uses Full Authority to Delay Crypto ETF Verdicts
The SEC has delayed decisions on multiple cryptocurrency ETF proposals, including those from BlackRock and Franklin Templeton. The Commission is using the maximum extension period available before it must issue a final approval or rejection.
This strategic delay provides more time for the agency to evaluate the complex applications under its new “Project Crypto” initiative, a sweeping effort to modernize securities rules for the digital asset era. The proposals for Ethereum, Solana, and XRP ETFs are now pushed to late October and mid-November.
The delays reflect the SEC’s methodical, albeit shifting, stance on crypto under its new leadership. While not an indication of the final decision, the use of the full timeline underscores the complexity of bringing novel digital asset products under a unified regulatory framework.
