"U.S. SEC Accelerates ETF Listing Approval Process... Regulatory Atmosphere Has Changed"

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YM Lee

Summary

  • The U.S. Securities and Exchange Commission (SEC) is reported to be considering a framework to expedite the approval process for Exchange-Traded Funds (ETF).
  • The SEC announced that it is continuing constructive discussions regarding ETF products tracking various digital assets, such as Solana (SOL), XRP (XRP), and Dogecoin (DOGE).
  • It was reported that the SEC's regulatory atmosphere is changing to become more friendly toward innovation and digital assets, attracting the attention of investors.

The U.S. Securities and Exchange Commission (SEC) appears to be considering a framework that can expedite the approval process for Exchange-Traded Fund (ETF) listings, suggesting a constructive shift in the regulatory agency’s approach.

On the 9th (local time), cryptocurrency-specialized media The Block, quoting anonymous sources, reported, "In recent months, ETF proposals tracking various digital assets such as Solana (SOL), XRP (XRP), and Dogecoin (DOGE) have been submitted, and the SEC is engaged in constructive discussions by providing opinions and feedback on related details."

As the central institution for President Donald Trump’s ‘crypto capital’ pledge, the SEC, under the leadership of the new Chair Paul Atkins, is taking a proactive stance towards digital asset regulation.

Gregory King, founder of Osprey Funds, stated, "The SEC's atmosphere has definitely changed. It is showing a friendly attitude toward business, innovation, and digital assets."

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YM Lee

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