SEC delay decision for Grayscale Cardano (ADA) Spot ETF because of regulatory watch and market wahala

U.S. Securities and Exchange Commission (SEC) don delay decision for Grayscale Cardano (ADA) Spot ETF application, say dem need more time to check investor protection and regulatory compliance. Grayscale wan change their Cardano Trust to spot ETF, review start February 24, 2025, and dem extend final decision deadline to October 22, 2025. This move follow SEC own pattern to delay altcoin ETF review, same as e happen for Avalanche (AVAX) and others before, show say SEC dey cautious for non-Bitcoin and non-Ethereum crypto ETFs. Traders before this delay dey optimistic, Polymarket show 71% chance say dem fit approve, just like how e dey be after Bitcoin and Ethereum ETF dem approval. Possibility say Cardano ETF fit cause more institutional adoption spread talk. But Cardano dey face wahala because people talk say $600 million ADA misuse happen during 2021 Allegra hard fork. Founder Charles Hoskinson talk say no wrong there and promise audit, but no date yet. For technical side, ADA dey stabilize below $0.765 resistance after e bounce back from $0.735 support, RSI neutral at 47.3, price below 50-day EMA, mean say momentum weak. Traders dey watch $0.765 and $0.735 closely as important levels, as regulatory wahala still dey affect market mood and short-term price moves.