The U.S. Securities and Exchange Commission (SEC) officially rejected two spot ETF applications for Solana 
$239 (SOL ($186.16)). This decision has sparked tension in the cryptocurrency market, causing Solana’s price to stabilize at the critical $240 level.
How Does the SEC’s Decision Affect the Cryptocurrency Market?
The SEC’s negative response to Solana’s ETF applications has led to volatility across the market. Currently, no progress is expected with spot cryptocurrency ETFs. Nate Geraci, President of the ETF Store, stated, “There will be no movement on spot crypto ETF applications until new leadership arrives.” This situation has increased investors’ impatience with the SEC’s decisions.
As Solana’s price remains steady at $240, it has been no...
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