SEC Postpones Dogecoin, Hedera, and Avalanche ETF Decisions

- SEC delays decisions on major altcoin ETFs from Bitwise, Grayscale, and VanEck. - New SEC chair Paul Atkins steers agency under a more crypto-friendly regime. On June 12, 2025, The Block reported the SEC delayed its decisions on the Bitwise Dogecoin ETF, Grayscale Hedera Trust, and VanEck Avalanche ETF filings. The Commission also called for public comments on the proposed changes, clarifying that initiating proceedings does not imply any conclusions regarding the issues at hand. These delays are occurring under new Chairman Paul Atkins, who took office on April 22, 2025. Atkins has expressed intentions to implement a more welcoming policy towards digital assets and to promote a rational, coherent approach to crypto regulation. Earlier reports from June 10, 2025, indicated the SEC had requested spot Solana ETF issuers to update their S-1 filings. This development often signals that approval may be near. However, some industry participants like VanEck and 21Shares have raised concerns about the SEC's apparent deviation from the first-to-file methodology for approving ETFs. Arguing that this deviation undermines innovation, fairness, and competition in the financial markets, these firms have formally requested the SEC to reinstate its longstanding first-to-file approval principle for registration statements. According to the latest market data, as of June 12, 23:17 UTC: - Hedera (HBAR) is trading at $0.162, with a 5.783% decrease in 24-hour trading volume. - Avalanche (AVAX) is trading at $20.309, with a 5.445% decrease in 24-hour trading volume. - Dogecoin (DOGE) is trading at $0.181, with a 6.059% decrease in 24-hour trading volume.