Leah Wald, CEO of Sol Strategies, expressed skepticism regarding the approval of Solana (SOL) ETFs in the US in the near future. While she commended the developer enthusiasm and activity within the Solana ecosystem, she believes that a significant wait lies ahead for a US-based SOL ETF. Wald emphasized that the approval process could be prolonged due to necessary educational work with regulators. She noted the impact of recent leadership changes at the SEC, suggesting that a hasty approval of all crypto ETFs could be risky. Instead, she advocates for a more measured approach that allows regulators to understand the unique characteristics of various cryptocurrencies, like Solana compared to Ripple. During this period, firms will likely focus on existing crypto products while the landscape evolves.

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