ChainCatcher news, according to OKG Research analysis, the FIT 21 bill, stablecoin-related legislation, and the repeal of the SAB 121 proposal are the three most likely and crucial crypto regulations to be introduced in the future.If the FIT 21 bill is passed, it is expected to promote the launch of spot ETFs for cryptocurrencies like SOL and XRP, and inject new momentum into the DeFi sector, especially through exemption policies and RWA integration. At the same time, the SEC may allow Ethereum spot ETF staking, which will attract attention to staking projects within the DeFi ecosystem.The market share of stablecoins in cross-border payments and settlements will continue to grow, expected to surpass traditional financial institutions like Visa. The repeal of the SAB 121 proposal will simplify the compliance burden for crypto custodians, attracting more banks and institutional investors into the crypto space.

ChainCatcher news, according to FOX Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has notified at least two applicants for SOL spot ETFs that their submitted 19b4 filings will be rejected. Sources revealed that the SEC may not approve any new cryptocurrency ETF applications during the current administration.

ChainCatcher news, according to Bloomberg Terminal data, the Solana ETF applications submitted by four institutions including VanEck, 21Shares, Canary, and Bitwise will face the SEC's first review deadline on January 25, 2025.The 19b-4 applications from these four institutions were officially accepted by the SEC on November 21, 2024. According to the approval process, the SEC is required to make an initial decision within 45 days of acceptance, which may involve approval, rejection, or postponement.It is worth noting that Grayscale's earlier submission for the conversion of the Solana trust fund to an ETF has an initial review deadline of January 23, 2025. The market generally expects that the SEC may adopt a unified approach to review these Solana ETF applications.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas stated that unless a major crash occurs, the wait for approval of altcoin-related ETFs will make cryptocurrency "quite crazy."He mentioned that there are 14 altcoin-related ETFs awaiting approval from the U.S. SEC within the next 12 months, including funds that offer exposure to SOL, XRP, HBAR, LTC, a basket of assets, as well as BTC and ETH.Additionally, Balchunas expects the number of altcoin ETF applications to double in the next two months. (CryptoSlate)

ChainCatcher news, The ETF Store President Nate Geraci stated that in addition to the listings of Grayscale and Bitwise's crypto index funds, there are currently spot ETF applications for SOL, XRP, and HBAR.He anticipates that in the future, issuers may attempt to launch spot ETF applications for ADA or AVAX, further expanding the market scope of cryptocurrency ETFs.

ChainCatcher message, The ETF Store President Nate Geraci posted on X: "I predict that issuers will submit several new spot cryptocurrency ETF applications this week, including XRP, SOL, ADA, and others. Assuming multiple issuers are well-prepared for the election results, it wouldn't hurt to be a bit aggressive now."

ChainCatcher news, according to Jinshi reports, SEC Chairman Gensler: The U.S. Securities and Exchange Commission (SEC) is committed to complying with the legal requirements for cryptocurrency ETF applications.

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Ethereum spot ETF applications from Hashdex and Ark 21Shares.

ChainCatcher news, according to Reuters, Victory Securities Executive Director Kennix Chan stated that in recent months, the Hong Kong Securities and Futures Commission has received a large number of Bitcoin spot ETF applications, and Hong Kong's Bitcoin ETF shows positive signs.

According to ChainCatcher news, institutions hoping to issue a Bitcoin spot ETF have been asked to submit their final amendments to their applications in Washington by Monday morning, as reported by Bloomberg. The U.S. Securities and Exchange Commission (SEC) plans to vote on the 19b-4s filings submitted by exchanges in the coming days. The regulator may take action on the issuers' applications (S-1) around the same time.Additionally, if the SEC approves the two sets of required approvals, the ETF could begin trading as early as the next business day.

ChainCatcher news, Bloomberg analyst James Seyffart posted on social media that he personally believes the SEC will approve 11 Bitcoin spot ETF applications at once, but this is not guaranteed, as some issuers may not be ready for operation.The analyst also stated that among the issuers that submitted applications, Global X has "basically" withdrawn, Pando and 7RCC may be "too late," while Hashdex is still involved.

ChainCatcher news, according to The Block, Matrixport analyst Markus Thielen stated that the SEC may reject all Bitcoin spot ETF applications in January. Thielen also mentioned that the applications for Bitcoin spot ETFs still do not meet the key requirements that must be satisfied before SEC approval.

ChainCatcher news, BlackRock and Nasdaq met with the U.S. Securities and Exchange Commission (SEC) trading and markets division on Tuesday to discuss the asset management company's application for a spot Bitcoin ETF. The meeting included BlackRock's head of digital assets Robert Mitchnick and members of the asset management company's ETF team. Nasdaq's Vice President and Chief Regulatory Officer Joseph Cusick, Head of U.S. Equities and Trading Products Giang Bui, and Head of ETP Listings Alison Doyle also attended the meeting. This meeting is part of a series of meetings between BlackRock and the SEC regarding the Bitcoin ETF application. Analysts believe that at least one spot Bitcoin ETF will receive SEC approval in 2024.

ChainCatcher news, VanEck CEO Jan van Eck expects the U.S. SEC to approve all Bitcoin spot ETF applications simultaneously.Jan van Eck believes that BTC is a unique asset whose value is extremely difficult to replicate or surpass. He also dismissed speculation that the asset is a huge bubble, stating that BTC will reach an all-time high within the next 12 months.

ChainCatcher news, Bloomberg ETF analyst James Seyffart reiterated in an interview on The Scoop podcast that he believes a Bitcoin spot ETF is very likely to be approved by January 10 of next year.It is reported that Seyffart has held this view since October of this year, estimating a 90% chance of approval before January 10. This is because the ETF applications from Ark and 21Shares (first submitted in April, ahead of BlackRock) have reached their final deadline. The SEC has been strategically delaying to schedule various applications, or at least to approve some applications simultaneously, to avoid giving one company a first-mover advantage. However, Grayscale's ETF application is currently different from others and may not be approved at the same time.Regarding questions related to Ethereum spot ETFs, Seyffart stated that Ethereum and Bitcoin are completely different, and the SEC may emphasize the differences between Ethereum's current PoS and Bitcoin's PoW. If the SEC wants to halt this approval process, it may delay its decision or assert that Ethereum is a security. However, Seyffart believes the SEC has implicitly accepted Ethereum's positioning as a commodity, so he thinks an Ethereum spot ETF is ultimately "more likely" to be approved before the end of May.

ChainCatcher News, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), stated in an interview with CNBC on Thursday that the agency's "new perspective" on Bitcoin spot ETF applications takes into account recent court rulings.Gensler said, "We have previously rejected some of these applications, but the D.C. Circuit Court has weighed in on this. Therefore, we are re-evaluating the issue based on the court's ruling."In August of this year, three judges from the U.S. Court of Appeals for the D.C. Circuit ruled that the SEC must re-examine Grayscale's application to convert its Bitcoin spot ETF. Last year, Grayscale sued the SEC after its conversion plan for its flagship fund GBTC was rejected. The court specifically pointed out the SEC's differential treatment of Bitcoin spot ETFs and futures ETFs.

ChainCatcher News, SEC Chairman Gary Gensler remained silent when asked by reporters whether the crypto industry would soon see any action on spot Bitcoin ETF applications. In his speech, he stated that he would not "prejudge" the matter and reiterated his position that Bitcoin is considered a commodity, while also expressing concerns about the entire crypto industry.