SEC Lawsuit Against Binance Won't Impact SOL Spot ETF Approval: Expert Opinion

IconCryptoNewsTerminal Staff30 Jul, 2024

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SEC Lawsuit Against Binance Won't Impact SOL Spot ETF Approval: Expert Opinion

The recent amendment to the SEC's lawsuit against Binance, classifying tokens like SOL as securities, is unlikely to affect the approval of a spot SOL ETF, according to Nate Geraci, CEO of ETF Store. Geraci explained that for such an ETF to be approved, certain conditions need to be met, including the launch of SOL futures on the Chicago Mercantile Exchange (CME), a comprehensive regulatory framework, or a change in administration.