Since President Donald Trump assumed office in January, the tone around crypto has dramatically changed.

Crypto industry participants are now more hopeful amid positive crypto-related legislative and regulatory progress under the Trump administration.

The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on whether to permit the trading of altcoin spot ETFs, which would open up avenues for investors to engage with Solana and Dogecoin.

SEC Delays SOL And Litecoin ETF Proposals

The SEC, the biggest regulator on Wall Street, said on Tuesday that it would defer making a ruling on Grayscale’s bid to launch a spot SOL Trust ETF until October 2025. The SEC also postponed answering the proposed Grayscale Litecoin Trust, citing a need for additional time to assess whether the filing meets legal and market structure requisites.

According to data from CoinGecko, SOL currently stands as the sixth-largest cryptocurrency in terms of market capitalization, while Litecoin occupies the 25th position. LTC is a forked version of Bitcoin, launched in 2011 by former Google employee Charlie Lee.

Over 70 Crypto ETFs Await SEC Approval

The SEC is currently reviewing over 70 altcoin ETF applications. This follows the regulator’s approval last year of spot Bitcoin ETFs, which are recognized as the most successful launch in ETF history.

Prior to granting approval for Bitcoin funds, the SEC had rejected applications over a period of 10 years. Subsequently, they greenlighted Ethereum ETFs a few months later.

Now, the SEC has a new chair, Paul Atkins, following the election of President Trump, who is known for his positive stance on crypto. Investment managers are making fresh attempts to get approval for other digital asset-related products.

Since returning to the White House in January, the agency has dismissed several lawsuits against crypto companies and has organized public roundtable discussions with industry leaders to determine the best approach for regulating the emerging sector.

Among the biggest targets for issuers are SOL, Ripple-affiliated XRP, and Cardano’s ADA, with prominent asset managers like Bitwise, Franklin Templeton, Grayscale, and 21Shares already submitting paperwork to get new crypto ETFs approved.

Meanwhile, investors are awaiting the deadlines for Polkadot and XRP-based ETFs next month. While those decisions might also be postponed as the SEC usually takes the full 240-day review period, the agency is expected to adopt a more favorable attitude toward crypto ETFs compared to the previous Biden administration.