US SEC Sets July Deadline for Resubmission of Solana ETF

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has set a deadline of July for the resubmission of Solana ETF applications and is urging issuers to revise and resubmit their spot Solana ETF applications before the end of July, which may indicate a faster-than-expected approval speed. Previously, the REX-Osprey $SOL and Staking ETF had received automatic approval and began trading last week under different regulatory rules. Currently, applications for XRP, Dogecoin, and Litecoin are still awaiting review. [Foresight News]