💰 SEC talks with ETF issuers over concerns of Solana being a security preceded Cboe removing 19b-4s: Source
The U.S. Securities and Exchange Commission had talks with prospective Solana ETF issuers about its concerns over Solana's potential status as a security ahead of the Cboe BZX removing related 19b-4 filings, according to a source familiar with the situation. Following the discussions, the SEC and the Cboe agreed not to file the 19b-4 forms to the Federal Register, they said, which would have started the clock on the approval process. Doing so would have placed pressure on the SEC to make decisions relating to the prospective Solana ETFs.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
The U.S. Securities and Exchange Commission had talks with prospective Solana ETF issuers about its concerns over Solana's potential status as a security ahead of the Cboe BZX removing related 19b-4 filings, according to a source familiar with the situation. Following the discussions, the SEC and the Cboe agreed not to file the 19b-4 forms to the Federal Register, they said, which would have started the clock on the approval process. Doing so would have placed pressure on the SEC to make decisions relating to the prospective Solana ETFs.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹