• CCI encourages the SEC to make the approval process for Novel ETPs more efficient in terms of timing and regulation.
• The organization also calls for parity of tax treatment, disclosure requirements, and confidentiality for novel ETPs.

Crypto Council for Innovation is advocating for a modernized framework for ETP by the Securities and Exchange Commission. CCI is calling for more clarity and predictability in the process of obtaining approvals for innovative ETPs. The suggestions from CCI were presented on August 31 concerning the framework for novel ETFs proposed by the SEC. The framework involves products that relate to crypto assets, blockchain opportunities, and event contracts. CCI is advocating for the same level of efficiency in…