VanEck Pins Solana ETF's Favor on Obscure 2018 Ruling

VanEck's Solana ETF faces regulatory hurdles. Analysts place hopes in an obscure legal precedent.  The disagreement with the SEC could be settled in court.  The crypto industry in the US has long struggled with regulatory uncertainty. This is especially true for altcoins like Solana, which the US securities regulator considers securities. This status has far-reaching implications, especially for potential altcoin exchange-traded funds (ETFs).  Most recently, hopeful Solana ETF issuer VanEck had made a case for the fund. Its analyst pointed to an earlier legal precedent that, in his opinion, holds the key for Solana’s classification and its ETF approval. 

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