SEC CHOKES Crypto Mouth Breathers with Multiple Altcoin ETF Delays—Same Story, Different Day…

The SEC just did what the SEC does best—delayed another round of crypto ETFs. This time, XRP, Solana, Litecoin, and Dogecoin are stuck in regulatory limbo, leaving investors wondering if they’ll ever get approval.

(Source: Giphy) 

And because this is crypto, prices barely flinched. XRP and DOGE nudged up 2.5%, Solana traded flat, and even Litecoin managed a 1% gain—presumably because Bitcoin rebounded above $82,000 after briefly giving every crypto mouth breather a heart attack. But even still, this delay is just another example of the SEC’s painfully slow courtship with the DeFi world. 

So, the waiting game continues, but why? Well, the SEC’s latest filings (March 11) say they need “a longer period” to evaluate the proposed rule changes for these ETFs. Meaning, not only is nothing happening anytime soon, but at least 12 ETF applications are now in limbo (piggybacking the Ether ETF delay in February). Grayscale’s XRP Trust and Cboe BZX Exchange’s Solana ETF are among those facing delays until May at the earliest.

(Source: Stocktwits) 

But what’s interesting here, is that this all comes after Trump’s return and the resignation of anti-crypto SEC Chair Gary Gensler. Investors thought things would change, but instead, it’s more of the same bureaucratic foot-dragging continues. 

But, but, but… what about Paul Atkins? Sure, Trump’s nomination of Paul Atkins as the new SEC Chairman initially sparked optimism in the crypto world. The guy has previously criticized over-regulation, making him a potential pro-crypto ally. However, here resides the problem: Atkins hasn’t even had his confirmation hearing yet. So until he’s officially in the chair, (ETA is around June) expect more uncertainty and more delays.

(Source: Semafor) 

Now, once Atkins takes the Iron Throne, well that’s a different story. Especially considering he’ll get the SEC’s overall agenda while calling the shots on everything. So if Atkins is confirmed, crypto ETF approvals could get prioritized —potentially bringing some structure to the current chaos. But again, until Atkins is confirmed, the SEC is stuck in no-man's land. 

Regarding the crypto world though, delays aren’t great, but shockingly investors aren’t panicking yet. Why? Because they’ve been through this before. In fact, according to our friends at Stocktwits, retail sentiment is holding steady. XRP is still getting bullish chatter, while DOGE and SOL are tracking sideways. 

(Source: Giphy) 

With that said, institutional investors are watching this closely. ETFs open the door for mainstream money, so big players want approval—but they’re not making any sudden moves yet. In the end, altcoins have just hit a brick wall (for now), and the SEC is having commitment issues on wedding night. Again, if Atkins gets confirmed, we could see a shift toward faster approvals and clearer regulations. But until then? Crypto investors just got another dose of blue balls. 

In the meantime, if you’re even the slightest interested in crypto, keep your eyes on this story and place your bets accordingly. If you’re like me on the other hand, and you’re allergic to anything called “wallet address, shilling, rug pulls, and DeFi” well, enjoy the entertainment. As always, stay safe and stay frosty, friends! Until next time… 

P.S. Robert Smalls, a big swingin’ Managing Director for StockBridge dumped $27 million in a little known aerospace company on March 10th. In less than 24 hours, we dropped a deep-dive analysis exclusively for Stocks.News premium members, breaking down the why, what it means, and how to play the aerospace sector moving forward—all while retail investors were still wiping their tears from last week's losses. Meaning, if you aren’t in the Stocks.News premium club, well, it goes without saying that you’re missing out. Don’t miss out. Click here to join ASAP… 

Stocks.News holds positions in any asset mentioned in the article.