SEC opens Franklin Templeton Sol and XRP ETF proposals to comment

The Securities and Exchange Commission (SEC) has made public comments from asset manager Franklin Templeton to asset manager Franklin Templeton listed in Chicago Board Options BZX Exchange to two proposed cryptocurrency exchange-traded funds (ETFs).

In separate SEC documents on Tuesday explain It is developing litigation proceedings that can enable U.S. exchanges to list and trade shares of the Franklin XRP ETF and Franklin Solana ETF. CBOE BZX Exchange Apply for proposed rule changes As the SEC will allow approval of the investment vehicle in March, regulators postponed the investment vehicle in April, postponing its decision deadline to Tuesday.

“The litigation body has not shown that the Commission has reached any conclusions on any issues involved,” the SEC said in both documents. “Instead, the Commission seeks and encourages interested persons to provide comments on the proposed rule changes.”

After publication in the Federal Register, the SEC notice will effectively push the deadline to decide whether to approve or disapprove of the Franklin Templeton ETF to July 35 days. Although US regulators have already invested in Bitcoin green green investment vehicles (BTC) and ether (ethereth), many companies are competing for the first to get approval for tokens such as XRP, Solana (sol) and others.

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A new day under the SEC Atkins chair?

The U.S. exchange with proposed listings from several asset managers has submitted a list of SEC for sales and trading investment instruments for Sol or XRP, including bits, Proshares and 21 shares. The SEC has fundamentally changed its approach to digital assets from the Trump administration and presidential presidential chairman Paul Atkins, by revoking several high-profile enforcement actions against cryptocurrency companies.