SEC Withdraws Crypto ETF Filings, Alters Approval Process

The U.S. SEC has directed issuers to retract their 19b-4 filings for crypto ETFs, including Solana and Ethereum, under new listing standards as of September 30. This regulatory shift prioritizes S-1 filings, which may expedite ETF approvals, affecting cryptocurrencies like Solana and XRP’s market perception and staking activities.