The new SEC Chairman will rule on 15 meme coin and meme token ETF applications

BlockBeats News, April 22, according to Decrypt's report, the new chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, will face the review of 15 Shitcoin and Meme Token ETF applications, out of over 70 applications, after formally taking office. These applications include Solana, XRP, DOGE, Pengu, and some fund products tied to Meme coins, with XRP leading in active ETF applications with 10 applications, followed by 5 Solana ETF applications, and Litecoin and DOGE each having 3 applications. Bloomberg ETF analyst Eric Balchunas said that there are currently 72 cryptocurrency-related exchange-traded fund applications awaiting feedback in the U.S., including requests for listed options products, and this newly crypto-friendly chairman will make the initial ruling on which cryptocurrencies can be approved for listing as exchange-traded trust products.

Last year, during former chairman Gary Gensler's tenure, the SEC approved Bitcoin and Ethereum spot ETFs, marking a milestone moment for the crypto industry. Under acting chair Mark Uyeda, the SEC has been working to eliminate some regulatory uncertainty. In February this year, the SEC indicated that it generally does not consider Meme coins as securities. After postponing the decision on the XRP ETF in March, the final decision period could be extended until mid-October.