What’s the Holdup? The SEC’s Never-Ending Wait on Polkadot and Friends! 😂

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Well, well, well, if it ain’t the fine folks at the SEC, once again pulling the old “we need more time” trick on the ETF proposals for Polkadot, Hedera, Avalanche, and that lovable Shiba Inu impersonator, Dogecoin. Seems like they’ve discovered that their regulatory crystal ball is still cloudy as a New England morning! 🌫️

Regulators Kick the Can Down the Road on Those Pesky Altcoin ETFs

In a splendid act of bureaucratic choreography, the U.S. Securities and Exchange Commission (or SEC, as they like to be called, probably to sound more official) has decided to elongate its decision timelines for a gaggle of proposed cryptocurrency exchange-traded funds. Among them are the “we can’t decide yet” ETFs tied to our star players, Polkadot and Hedera. It seems the more these folks dawdle, the stronger the desire for crypto investments swells among the masses. Yet, here they are, with all the urgency of a snail on vacation! 🐌

News from the SEC grapevine confirms that they’ve chosen to extend the review period for Canary Capital’s proposed Hedera ETF rather than, heaven forbid, indulge in a decision. This comes right before the deadline when everyone was ready to pop the confetti. Ah, but no! They opted for more public feedback! Because who doesn’t want to spend more time pondering what their neighbors think about their investments? 🤔

And as if this suspenseful saga wasn’t enough, Grayscale’s application for a Polkadot ETF also faced a similar fate. Apparently, the SEC has taken a liking to postponements as if they were collecting stamps! 📬

Mark Your Calendars for New Deadlines!

Masters of Caution and Delay

These delays are shining examples of the SEC’s methodical dance under its current leadership—a choreography of caution that’s akin to watching paint dry, albeit slightly more exhilarating! 🖌️

Fear not, dear citizens; while the delays certainly won’t get you an approval, they equally spare you the agony of outright rejection. The SEC continues to weigh the balance of innovation against the magnanimous cause of investor protection. They assure the public that by the deadlines, we shall know whether to cheer or pout against these digital asset investment applications. Spoiler alert: patience is indeed a virtue. 😉

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2025-06-13 19:02