SEC’s Tron ETF Acknowledgment Highlights Selective Crypto Scrutiny
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The SEC’s acknowledgment of Canary Capital’s staked TRX ETF filing contrasts with its delays on other crypto ETFs, underscoring the agency’s uneven approach to digital asset products.
The regulator published a notice inviting public comments on the proposal, filed through Cboe BZX Exchange. Canary’s April registration outlined plans to stake TRX via BitGo, alongside similar filings for Sui, Hedera, and Litecoin ETFs.
Tron’s TRX, a top-10 crypto with a $26 billion valuation, remains contentious due to its association with Justin Sun, who faces ongoing regulatory scrutiny. The SEC’s hesitation on broader crypto ETFs while engaging with TRX raises questions about its approval criteria.
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