SEC is Considering a Fast-Track Process to Decide on Crypto ETF Applications
According to a recent rumor, the SEC is considering an expedited process to streamline altcoin ETF applications. This new generic listing standard would work with exchanges, bypassing the need for a Form 19b-4.
Traditionally, the Commission has delayed approving an ETF as much as possible to ensure a unique assessment for each application. Many current proposals already have a Form 19b-4, so this change might not help them, but it’s an incredibly good sign for approval.
Crypto ETFs Might Have a New Assessment Standard in the USThe SEC is under new management, ushering in a tidal wave of new altcoin ETF applications. It’s been engaging with these proposals, clearly signaling positive intentions, yet the Commission hasn’t actually approved anything.
However, Congressional crypto reporters now claim that the SEC is planning to overhaul the process altogether:
