SEC Kicks Polkadot ETF Can Down the Road—Grayscale Left Waiting
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Another day, another delay—Wall Street’s favorite pastime. The SEC has punted its decision on Grayscale’s Polkadot ETF, leaving crypto investors to chew their nails until bureaucrats finish their coffee.
No surprises here: The ’Howey Test’ fan club strikes again. While TradFi ETFs get rubber-stamped, crypto products get the regulatory runaround—complete with obligatory hand-wringing about ’investor protection.’
Meanwhile, DOT holders shrug. The chain keeps finalizing blocks, the staking rewards keep flowing, and the SEC? Still stuck in 2017.
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