The US Securities and Exchange Commission (SEC) has delayed its decision on Canary Capital’s proposed Spot SUI ETF application. This regulatory delay is having a temporary impact on market stability and investor sentiment as the SEC seeks to ensure proper protection for investors and prevent market manipulation. 1.41% decrease in SUI, the native token of the Sui blockchain, following this news, underlines the effect of the delay. Canary Capital executives remain silent on the exact reasons behind the postponement, leaving the community in a state of anticipation. Similar regulatory hurdles have historically led to temporary drops in asset prices and increased caution among investors. While broader market reactions are still developing, the delay signifies challenges within the crypto sector. Analysts suggest that prolonged uncertainty stemming from continued SEC deferrals could result in lasting market instability. The SEC’s decision stems from concerns about market manipulation and investor protection. Notably, no new regulatory policies were introduced to explain this delay. SUI token, integral to the Sui blockchain, is experiencing significant effects as a result of the delay. While the broader cryptocurrency markets haven’t responded drastically yet, the delay highlights ongoing regulatory uncertainties within the industry. Analysts warn that continued delays could lead to prolonged uncertainty in crypto investments and compliance with regulations.