Leah Wald, CEO of SOL Strategies, expresses skepticism about Solana ETF approval in the US soon due to regulatory hurdles and shifting leadership at the SEC. She anticipates Canada, with a successful history in crypto ETFs, might proceed first. Wald stresses on educating regulators on Solana’s unique characteristics for any future approvals.

The prospective shift in SEC leadership could create a more crypto-friendly regulatory landscape, according to Wald. However, she cautions against hastily granting approvals, emphasizing a balanced approach to ensure regulators fully understand Solana’s individual merits and risks. The new leadership could foster a more conducive environment, but thorough education of Solana remains crucial.