Solana

<ul><li>The SEC discussed its concern over Solana&#39;s potential status as a security with ETF issuers.</li><li>Based on discussions, the Cboe removed the related 19b-4 forms, necessary for filing, from its website.</li><li>Although the SEC backs Solana as a security, VanEck argues that the cryptocurrency is just a commodity.</li></ul>The <a href="https://cryptotale.org/security-threats-wazirx-novatech-mango-markets-mark-key-developments/" rel="noopener noreferrer nofollow">U.S. Securities and Exchange Commission</a> (SEC) has reportedly been in talks with several Solana exchange-traded fund (ETF) issuers about its growing concern over the crypto’s status as a security. After discussions with the issuers, the SEC and the Chicago Board Options Exchange(<a href="https://cryptotale.org/cboe-refiles-etf-applications-with-coinbase-surveillance-agreements/" rel="noopener noreferrer nofollow">Cboe</a>) agreed not to file the related 19b-4 forms with the Federal Register, thereby delaying the approval process.Based on recent developments, the 19b-4 forms, filed by the crypto exchanges on behalf of the issuers, are no longer visible on the Cboe website or with the Federal Register. The ETF issuers require these forms and the S-1 registration statement for approval. Notably, the SEC&#39;s filing system still shows the ETF issuer Vaneck’s S-1 registration for Solana’s ETF.Many issuers are not surprised by the SEC&#39;s statement keeping Solana as a security. Solana (SOL), one of the cheapest and fastest blockchains in the crypto world, has garnered attention due to its regulatory risks. In many case filings, the SEC has claimed <a href="https://cryptotale.org/sec-drops-security-claims-for-solana-strategic-shift-or-legal-maneuver/" rel="noopener noreferrer nofollow">Solana</a> as its security. However, the issuers await new amendments to the 19b-4 forms.<a href="https://cryptotale.org/sec-raises-concerns-over-solana-etfs-halts-approval-process/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

SEC Raises Concerns Over Solana ETFs, Halts Approval Process

CryptoTale

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