SEC is a weird thing that US has. It protects the consumers from the obvious stuff. And the dangers they saved the nation from are countless. Lot of people are in debt of them for cleaning the mess of the scams. And still with that there are times the old people operating there are not aware of the crypto. 

This time however they have catch something decent, And here they are making sure to pause the conversion of the digital large cap fund into the ETF conversion. So there is news lingering on how they paused the conversion of the fund to ETF here. 

SEC decided to pause this new ETF because they thought there was a need for the examination of the conversion process and also the digital large cap fund needs further investigation. This would be all over news now and the grayscale would suffer at the purchase side in upcoming side in the near future.

This would surely affect the prices of Solana, BTC, ETH for sure. Other digital currencies which would likely to take hit with this news are going to be there too. But the way SEC is handling this. I suppose whole grayscale seems to have investigation going on with them. 

USA has to improve and hire better crypto investigators in the industry. And this way they would be able to stop many cases before they even arrive at the court too. 

You can check out the news here.