The agency opened the proposal to public comment, inviting stakeholders to consider the potential impacts of listing Litecoin Trust shares.
“Specifically, the Commission seeks comment on whether the proposal to list and trade Trust Shares that would hold LTC is designed to prevent fraudulent and manipulative acts and practices or raises any new or novel concerns not previously considered by the Commission,” the SEC said in its notice.
Canary’s Litecoin ETF is one of many crypto-based products under SEC scrutiny, with the agency also delaying decisions on similar ETF applications linked to XRP, Hedera (HBAR), and Dogecoin (DOGE) in the past week alone.
Since President Donald Trump took office in January, the SEC has adopted a more crypto-friendly stance. Under new SEC Chairman Paul Atkins, the Commission has dropped several lawsuits against crypto firms and hosted public roundtables to explore regulatory pathways for the digital asset industry.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/sec-seeks-feedback-on-proposed-listing-of-litecoin-trust-shares/