SEC Advances Rule to Cut Spot Crypto ETF Approvals by 69%
The U.S. Securities and Exchange Commission (SEC) is advancing a comprehensive rule to expedite approvals for spot cryptocurrency ETFs, signaling a pivotal shift in regulatory approach. This initiative aims to streamline the approval process for digital asset funds, potentially reducing the waiting period from 240 days to just 75, benefiting tokens like Solana, XRP, and Dogecoin.
This strategic move reflects the SEC’s recognition of the growing demand for regulated crypto investment products and the need to provide clearer, more consistent guidelines for issuers. The new rule is expected to cover popular cryptocurrencies such as Solana, XRP, and Dogecoin, which have seen numerous ETF applications pending under the current framework….
