Sources: SEC rejects two Solana spot 19b-4 applications submitted by Cboe BZX

ChainCatcher news, according to The Block, a source revealed that the U.S. Securities and Exchange Commission (SEC) has rejected two Solana spot 19b-4 applications submitted by Cboe BZX.

It is reported that the 19b-4 documents are submitted by the exchange on behalf of the issuer. If these documents are published in the Federal Register, the SEC's approval process would begin. Another important document, the S-1 registration statement, is submitted by the issuer and has no deadline.

However, since the SEC rejected the 19b-4 forms, they were never published in the Federal Register, and the potential approval or rejection process has not been initiated.

Previous news indicated that before Cboe BZX removed the Solana ETF-related 19b-4 forms from its website, the SEC had discussions with potential Solana ETF issuers and expressed concerns about the potential status of Solana as a security.