The U.S. Securities and Exchange Commission (SEC) has postponed decisions on three cryptocurrency exchange-traded funds (ETFs), including BlackRock's Ethereum staking and Franklin's Solana and XRP applications, until mid-November. The final decision for the Grayscale Solana ETF is due by October 10. Analysts expect a wave of approvals as the SEC develops unified listing standards.
In a significant move for blockchain integration, Nasdaq has proposed a rule change to the SEC to list tokenized securities by 2026. This development aligns with the White House's new crypto adviser, Patrick Witt, who is prioritizing the Market Structure Bill to differentiate cryptocurrencies from securities. Meanwhile, Kraken is expanding its tokenized U.S. stocks offering to the EU, utilizing Swiss fintech Backed Finance.
SEC Delays Crypto ETF Decisions; Nasdaq Eyes Tokenized Securities by 2026
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