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SEC Postpones SUI Spot ETF Approval to July 24 Amid Regulatory Scrutiny
SEC Postpones SUI Spot ETF Approval to July 24 Amid Regulatory Scrutiny
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Canary Spot SUI ETF until July 24, citing unresolved concerns about market manipulation and investor protection. This move reflects broader regulatory scrutiny in the crypto sector, similar to Binance's recent adjustments to its Alpha Points Program to prevent bot exploitation.
Following the announcement, SUI's price dropped 1.41% to $3.15, with technical indicators like RSI and MACD showing bearish signals. The proposed ETF, filed by Cboe BZX Exchange, aims to offer direct exposure to sui tokens—now facing additional pressure from a $162 million asset lockup tied to the Cetus protocol exploit.
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