Solana ETF got delayed

Good evening, people.

In today’s best stories: two updates worth the title just fell on topics we follow.

Our team was Refreshing x every 12 seconds Supervision of the situation, and we are here to bring you the latest achievements – live, unfiltered and straight into your inbox.

1/ genius act

The Law of Genius – Aka AKI The Law that wants to make stabiblecoin regulations clearer – passed the Senate with 68-30 votes.

(If you are wondering what this account actually does or why some people with it are not – We explained it all here.)

So, what’s going on now?

Is moving toward the House of Representatives. From here I can:

👉 voting about the genius as it is;

👉 Encourage your own account of Stablecoin, a stable act, which is stricter and treats stable publishers like banks;

👉 Combine the two of them in a new draft.

Anyway, both of them chalies have to agree on something before landing on Trump’s table, who, btw, He wants to sign himself before Congress gets a break in August.

2/ altcoin etfs

Last week we talked about how we could go in Altcoin Etf Summer.

Now there is a new update about this:

Dec opened public comments On two proposed cryptocurrencies ETF from Franklin Templeton – one for Xrpone for Saltworks.

It pushes the decision -making deadline for 35 daysSo now we look at the end of July.

Wait, Sec delayed him ?? Is that bad?

Don’t worry, Not. A kind of opposite.

Analyst Bloomberg Etf James Seyffart said delays like this are normal.

What really matters is that the sec is Actually examination of applicationsnot ignoring them. It’s a victory.

And you know what is even more win? SEC also browsing a Solana Stacking Etf.

This is important because at the moment, if you want to earn yield from putting something like Saltworks or EthereumYou have to skip a bunch of hoops: manage your own wallet, lock property, choose a validator, etc.

ETF would change that. That would Let regular investors earn awards only by holding a normal etf – There is no wallet, without investing, technical knowledge is required.

This would open a new flow of demand for these property.

But it’s not easy. There are some great obstacles:

• Keeping: The fund must safely invest the user assets without breaking the SEC rules;

• Legality: Sec has suggested earlier that offering investment services could be counted as the sale of unregistered securities;

• Technical risks: Validators can succeed, decrease, and the protocols can be updated in ways that are messed up with an investment mechanics.

So, the fact that sec even talks about it – instead of rejecting it directly – is a powerful sign of progress.

The same goes for Franklin ETFS. The delays are boring, Of course, But the engagement is a green flag.

And that, dear viewers, wrapped up tonight’s broadcasting. Your arrived mail is officially speed.

This was your favorite correspondent, who reported live from the Crypto front.

Be informed and slightly skeptical.

You are in knowledge now. But think about your friends – they probably have no idea. I wonder who could fix it … 😃🫵 Expand the word and be a hero you know you are!