Key Takeaways
Leah Wald, CEO of Sol Strategies Inc., has expressed her belief that the approval of a Solana ETF in the United States may face delays due to regulatory challenges and the evolving leadership at the SEC. She anticipates that educating regulators about Solana’s unique attributes could take a year or more, leading to a longer approval process.
Wald also predicts that Canada may approve a Solana ETF before the US, citing Canada’s track record of leading ETF innovations. She highlighted the Canadian issuer 3iQ, which has historically been ahead of the US in crypto-related approvals.
Wald emphasized that while the potential leadership change at the SEC, with Paul Atkins replacing Gary Gensler as SEC Chair, could lead to a more crypto-friendly regulatory environment, rushing approvals could be risky. She stressed the importance of a measured approach to ensure regulators fully understand the merits and risks associated with individual crypto assets.