SEC Fast-Tracks Solana, XRP ETF Approval With New Crypto Rule
- SEC may replace the 240-day 19b-4 process with a 75-day unified rule for spot crypto ETF approvals.
- New listing guidance released July 2, with a broader framework expected by early autumn.
- Solana likely leads the next batch of ETF approvals; some firms are launching workaround products in the meantime.
The U.S. Securities and Exchange Commission (SEC) is preparing a standardized rule to simplify the listing of spot crypto ETFs. The move comes as applications tied to cryptocurrencies such as Solana, XRP, Dogecoin, Polkadot, and the Trump meme coin await final approval.
The updated framework aims to replace the current case-by-case approach, which relies on the 19b-4 exemption process. That process often delays ETF launches…
