SEC Delays Decision on Canary PENGU ETF Proposal, Impacting Crypto Assets
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Decision Delay: The U.S. SEC has postponed its decision on the Canary PENGU ETF proposal, indicating an extended review period under regulatory standards, which may impact assets associated with PENGU tokens and Pudgy Penguins NFTs.
- Procedural Review: The SEC issued an order to gather further public comments, emphasizing its focus on market integrity and investor protection, reflecting ongoing regulatory scrutiny of crypto assets.
- Market Impact: This delay highlights the SEC's cautious approach in reviewing hybrid asset ETFs, with historical procedural delays also seen in other crypto ETF proposals like those for Dogecoin and Avalanche.
- Regulatory Challenges: The SEC is assessing whether a hybrid token and NFT trust can meet Exchange Act standards, indicating the complexities and challenges faced in approving crypto-exposed ETFs.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
