Litecoin (LTC) remains steady near its monthly highs despite new regulatory setbacks, as the U.S. Securities and Exchange Commission (SEC) failed to act on Canary Capital’s proposed spot Litecoin STF. The deadline passed on Thursday without any update, leaving the much-anticipated product in limbo.

The delay occurs at a crucial time for crypto ETFs, coinciding with a U.S. government shutdown that has hampered financial oversight and added to the complexity of the approval process.

SEC Misses Deadline as Litecoin ETF Rules Shift

The SEC was expected to decide on Canary’s application by Thursday, but no update was issued. Analysts observe that the delay may be due not only to the shutdown but also to a broader shift in how crypto ETFs are managed.

Earlier this year, the SEC began phasi

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