Source: SEC discussed Solana’s potential securities attributes with issuers before Cboe removed relevant 19b-4 documents

Odaily News Before Cboe BZX removed the relevant Solana ETF 19b-4 filing, the U.S. SEC met with potential issuers to discuss their concerns about Solana's potential status as a security, according to people familiar with the matter. They said that after the discussion, the SEC and Cboe agreed not to submit the 19b-4 form to the Federal Register, which would otherwise initiate the approval process. Doing so would put pressure on the SEC to make a decision related to the Solana ETF. VanEck's S-1 registration statement for the Solana ETF still appears on the SEC's filing system EDGAR. 21Shares' S-1 registration statement filing no longer appears in search results, although the direct link is still valid. Given that the SEC has previously called Solana a security in multiple court documents, the SEC's stance is not a surprise to issuers, nor does it indicate that these applications will encounter setbacks, the person familiar with the matter said. They expect that there may be new filings or revisions to 19b-4 in the future, which will attempt to more strongly prove that Solana is not a security. "We cannot comment on regulatory proceedings at this time. We remain committed to expanding investors' access to cryptocurrencies in the U.S. market and around the world," said Audrey Belloff, director of communications at 21Shares. (The Block) Last week, according to X user @SummersThings, the 19b-4 forms for VanEck and 21Shares Solana ETF appear to have been removed from the CBOE website.