The cryptocurrency market received a significant development last week when the U.S. Securities and Exchange Commission (SEC) made a decision about Grayscale’s Cardano ($ADA) Exchange-Traded Fund (ETF) proposal. The SEC opted not to make a decision about whether to approve, deny, or seek further proceedings on the ETF, and instead extended its review period by an additional 45 days. The new decision date—now probably a good indicator of when the SEC makes a lot of big decisions—has been set for May 29, 2025. The Extended Review Timeline and Key Dates Grayscale, a leading digital asset management company, initially submitted its
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