The new SEC regulations have been implemented, and crypto ETPs have entered the 75-day fast lane

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On September 17, local time, the U.S. Securities and Exchange Commission (SEC) "accelerated" the approval of the Generic Listing Standards for cryptocurrency exchange-traded funds (ETFs), paving the fast lane for related products to enter public offerings and trading.

1. Universal listing standards: From "case-by-case approval" to "one-click listing"

Previously, the listing of crypto ETPs was a long, expensive, and high-risk process. Issuers are required to submit special applications for each new asset to prove that their market is sufficiently liquid and not manipulated, and the SEC has a review period of up to 240 or even 270 days.

The impact of the Universal Listing Standard is revolutionary:

  • Process Simplification and Acceleration: ETPs will be nearly guaranteed to meet certain requirements explicitly set forth by the SEC, significantly reducing the process time to 75 days or less. And allows standards-compliant crypto...
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