I just noticed something quite interesting — after Gensler left the SEC, it seems the agency has changed its approach to cryptocurrencies. Now, under the leadership of Mark Uyeda and Hester Peirce heading the crypto task force, this GenZSEC appears to be much more open.

Specifically, the SEC is considering approving a Litecoin ETF from Canary Capital — this is the first altcoin ETF application officially under review. According to Eric Balchunas from Bloomberg, this is a major breakthrough. If approved, investors will be able to buy Litecoin like a regular stock without worrying about digital wallets or security keys.

What’s particularly notable here is the process. Nasdaq filed a 19b-4 application in mid-January 2025, and the SEC has up to 240 days to decide. But many speculate that a decision could come sooner. The ETF will track CoinDesk’s Litecoin Price Index, holding LTC through a secure custodial framework.

But what really draws attention is that this move is just the beginning. Not only Litecoin, but Canary Capital is also pushing for an XRP ETF. Meanwhile, other companies are applying for Solana ETFs, XRP ETFs, and even proposals for meme coins related to Trump.

It can be said that Gensler’s departure truly opens a new door. GenZSEC, with a more positive mindset toward crypto regulation, is completely changing the landscape. Instead of banning, they are exploring ways to integrate cryptocurrencies into the traditional financial system.

The current LTC price is around $53.38. If the Litecoin ETF gets approved, it could spark a new wave for other altcoins. This moment seems especially significant for those who have been following this space for a long time.