- The SEC has postponed its decision on the Hedera (HBAR) ETF, alongside delays for Polkadot and BTC-ETH ETFs, extending the deadline to June
- New SEC Chair Paul Atkins has just taken office, and the delay suggests the agency is holding off on major decisions until leadership settles
- Crypto investors hope Atkins will take a more swift stance on ETF approvals, with insights expected at his first major crypto roundtable set for Friday
The Securities & Exchange Commission (SEC) has postponed its decision regarding the approval of Canary Capital’s Hedera (HBAR) exchange-traded fund. This delay comes only days after the Commission welcomed its new Chair, Paul Atkins, potentially implying that it will not take any drastic measures until Atkins fully settles into his role.
In a series of documents published on Thursday, the Commission announced the postponement of the HBAR ETF, alongside postponements for Grayscale’s Polkadot (DOT) ETF and Bitwise’s Bitcoin (BTC) and Ethereum (ETH) ETF.
According to the SEC, the new deadline for a ruling on the filings will be June 10 and 11, as regulators continue their review process.
Paul Atkins Set to Speak At Tomorrow’s “Crypto Roundtable”
Crypto investors remain optimistic that, under Atkins’ leadership, the SEC may take a more favorable approach toward ETF approvals. His first major crypto roundtable as Chair is set for Friday, where industry leaders expect further insights into the SEC’s direction on pending applications.
Beyond crypto ETFs, Atkins’ administration is also facing pressure to address broader regulatory concerns, including clearer guidance on staking products and decentralized finance (DeFi). With several high-profile crypto ETF proposals—including XRP, Solana, and Dogecoin ETFs—awaiting decisions, the industry is watching closely for signals on whether the SEC’s stance on digital assets will change.
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