The article speculates on the future of Solana ETF applications under SEC Chairman Gary Gensler's leadership. It points out that Solana ETF applicants might have to wait until Gensler, known for his stringent stance on cryptocurrency regulations, departs from his position.
This delay could result in refiling applications under a future administration, possibly indicating a Trump administration return, which might offer a different regulatory outlook for crypto products.
The situation highlights the broader issues of regulatory uncertainty faced by the cryptocurrency industry, reflecting the influence of changing leadership on crypto regulations and market developments.