US ETF expert: SEC no longer considers SOL and other tokens as securities and does not increase the probability of ETF approval

BlockBeats news, on July 31, Nate Geraci, president of The ETF Store, published an article on X saying that the SEC no longer considers tokens such as SOL as securities and does not increase the approval probability of spot ETFs such as SOL.

To pass ETF approval, one of the following conditions must be met: a long enough history of SOL futures trading on CME; a comprehensive crypto regulatory framework and administrative changes.