The U.S. Securities and Exchange Commission (SEC) has postponed its decision on two crypto-related exchange-traded funds (ETFs), the Canary Pudgy Penguins (PENGU) ETF and the T. Rowe Price Active Crypto ETF. The SEC's extension, announced on January 12, allows for an additional 45 days to assess market structure, investor protection, and potential manipulation concerns. This delay reflects the agency's cautious approach to crypto ETFs, particularly those involving meme and NFT-related assets.
Meanwhile, DeepSnitch AI, an AI-driven crypto project, is gaining attention with its presale raising over $1.17 million. The project, which includes products like SnitchFeed and SnitchGPT, is set for a January 2026 launch. Analysts anticipate that DeepSnitch AI could outperform established tokens, driven by strong community engagement and strategic developments. The project's token, priced at $0.03401, has already delivered significant gains to early investors, with over 29 million tokens staked, creating a scarcity effect that could boost prices upon public trading.
SEC Delays Decisions on PENGU and T. Rowe ETFs Amid Regulatory Caution
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
