SEC May Simplify Crypto ETF Approval Process
The SEC is exploring a new approach to streamline the approval process for crypto ETFs. This change could eliminate months of delays, making it easier for issuers to bring thier products to market.
FOX Business reporter eleanor Terrett revealed that the SEC is in talks with major exchanges to create standardized rules. Instead of the current dual filing system, issuers might only need to file an S-1 registration and wait 75 days. This shift could lead to a surge in crypto ETF listings.
Currently, issuers must navigate a complex 19b-4 approval process. The new system would require just an S-1 filing, potentially speeding up launches. The SEC is considering this move to address the growing demand for crypto ETFs. The goal is to reduce bureaucratic hurdles and increase efficiency.
Industry experts are watching closely. The key question is what tokens will qualify for this fast track. Sources suggest the criteria will focus on market cap,trading volume,and liquidity. However, the SEC is being cautious about the details.
Terrett’s sources indicate that the SEC is under pressure to modernize its approach. The current system has faced criticism for being too slow and cumbersome. The new rules could focus on market cap,trading volume,and liquidity.
while the SEC remains tight-lipped, this potential overhaul could significantly impact the crypto ETF landscape. It may attract more asset managers who were previously deterred by the complexity and cost of the current system.
For more updates, follow @EleanorTerrett on Twitter.
