Summary
- The U.S. Securities and Exchange Commission (SEC) has begun work, in cooperation with exchanges, to establish general listing standards for token-based exchange-traded funds (ETFs).
- It was stated that if a particular token meets the listing requirements, it can be listed on an exchange 75 days after submitting only an S-1 form, skipping the existing 19b-4 process.
- Market capitalization, trading volume, and liquidity are reported to be considered as the core factors for the listing standards.
According to Eleanor Terrett, host of Crypto in America, on the 1st (local time), the U.S. Securities and Exchange Commission (SEC) has begun initial work to establish general listing standards for token-based exchange-traded funds (ETFs) in cooperation with exchanges.
This initiative includes provisions allowing an issuer to bypass the existing exchange rule change notification form (19b-4) process and list on the exchange after submitting only a securities registration statement (S-1) and waiting for 75 days, provided that a specific token meets the listing criteria.
Terrett explained, "If this approach is adopted, the administrative processes, paperwork, and feedback burdens for both issuers and the SEC will be significantly reduced."
Although the specific listing standards have not yet been finalized, it is reported that factors such as market capitalization, trading volume, and liquidity are being considered as key elements.
Meanwhile, an SEC spokesperson has not issued an official statement regarding this matter.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
