BlockBeats News: On April 22nd, according to Decrypt, the newly appointed Chairman of the US Securities and Exchange Commission (SEC), Paul Atkins, will face over 70 cryptocurrency ETF application documents for review after taking office. These applications include Solana, XRPDoge, Pengu, and some fund products linked to Meme coin. Bloomberg ETF analyst Eric Balchunas stated that there are currently 72 cryptocurrency related exchange traded fund applications in the United States awaiting feedback, including requests to list option products. This cryptocurrency friendly new chairman will make the first ruling on which cryptocurrencies can be approved for listing as commodity trust products.
Last year, the SEC approved Bitcoin and Ethereum spot ETFs under former chairman Gary Gensler, marking a milestone moment for the cryptocurrency industry and raising deeper questions about which cryptocurrencies should be classified as commodities for trading on Wall Street. Currently, asset management companies are seeking feedback on applications related to 15 cryptocurrencies other than Bitcoin and Ethereum, including high-value cryptocurrencies such as Solana, DOGE, and XRP, as well as emerging Solana based tokens such as Bonk, Pengu, and Trump.
Under the leadership of Acting Chairman Mark Uyeda, the SEC has begun to address some regulatory uncertainties. In February of this year, the SEC stated that it generally does not consider Meme coins to be securities. After the SEC postponed its decision on the XRP ETF in March, the final decision period can be extended to mid October.
