The SECURITIES AND EXCHANGE Commission (SEC) of the United States has paved the way for faster approvals from the negotiated funds on the cashier-consuming in cash. The agency has adopted new general standards allowing grants and negotiating certain products based on raw materials, including digital asset trustees, without having to request approval for each product individually.
In short
- The SEC has adopted new general standards to accelerate the approvals of ETF Crypto Spot, allowing certain trusts of digital assets to be listed without individual deposits.
- Market experts consider this setting as a turning point, predicting a wave of new launches from ETF Crypto Spot and recognizing it as a milestone in American regulations.
- Some SEC commissioners remain cautious, noting continuous risks in the crypto spot markets and doubting that general rating standards are appropriate for digital asset products at this stage.
The dry reduces the approval times of the Crypto ETF
Previously, the scholarships had to go through the long process of modifying the rules of section 19 (B). This procedure required that the Securities and Exchange Commission estimates each request individually, often spanning several months before obtaining approval or refusal. By approving the new executive, the SEC has deleted this step for products that meet rating requirements.
The new approach applies to several major markets, including Nasdaq, Nyse Arca and CBOE BZX. Under the 6C-11 rule, scholarships can now speed up processes, with significantly shorter than before than before.
Eligibility rules under the new Crypto frame of the dry
Although the new approach accelerates the process, the dry does not remove surveillance. To be eligible, a trust holding raw materials such as cryptocurrencies must meet at least one of the several eligibility standards ::
• The raw material must be actively negotiated on a member platform of the Intermarché surveillance group. This ensures that the scholarship has access to shared negotiation data for adequate surveillance.
• The raw material must underlie a term contract listed on a contract of contracts designated for at least six months. The scholarship must also maintain a surveillance sharing agreement with this market to supervise the activity.
• A trust can be eligible for its initial rating if there is a negotiated grant fund on a national securities scholarship with at least 40 % of its net inventory value linked to raw material.
Market experts see the new executive as a turning point
The decision comes as several requests from ETF Crypto spot remain pending, including those linked to Solana, XRP, Litecoin and Dogecoin. With the new framework in place, market players expect the examination and rating of these products to accelerate.
The president of the dry, Paul S. Atkins, said that these new approved standards help to maintain The position of American capital markets as a leader in financial innovation. He noted that “This approval helps maximize the choice of investors and promotes innovation by simplifying the rating process and reducing access barriers to digital asset products within the renowned capital markets in the United States. »»
Industry observers share this point of view. Bloomberg analyst James Seyffart described this framework as a turning point for crypto products negotiated on the stock market, providing for a wave of new short -term launches.
Bitwise Asset Management President Teddy Fusaro described this initiative to Milestone in American regulationsstressing that it reverses a decade of previous dating back to the first depot of ETF Bitcoin in 2013.
Concerns and political context around the decision of the dry
Not all members of the committee have made the decision. Commissioner Caroline Crenshaw expressed her concern that standards too much facilitate the introduction of new products by scholarships without in -depth examination.
She stressed that Crypto spot markets still include significant risks And expressed doubts about the adequacy of general rating standards for digital asset products at this stage.
Another reason why I do not believe that general rating standards are appropriate for digital assets at this time is due to the unique risks that still exist on the underlying crypto spot markets.
Commissioner Caroline Crenshaw
In addition, the regulatory update also reflects broader political support for digital assets. It aligns with the approach of the Trump administration, which has often expressed a favorable point of view towards cryptocurrencies, signaling continuous interest in promoting innovation in the sector.
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