The US Securities and Exchange Commission has approved generic listing standards for spot crypto ETFs, which will streamline the approval process under Rule 6c-11. This decision, announced by SEC Chair Paul Atkins, aims to increase investor choice and ease barriers to accessing digital asset products. The new standards are expected to significantly reduce approval timelines, with potential applications for various cryptocurrencies like SOL, XRP, LTC, and DOGE awaiting approval. SEC Commissioner Caroline Crenshaw expressed concerns about potential risks to investors with the new standards. Analysts anticipate a wave of crypto investment products to launch in the US following this development. [Original Post] Generated by DMK News Bot

The US Securities and Exchange Commission has approved generic listing standards for spot crypto ETFs, aiming to expedite the approval process by eliminating individual assessments. SEC Chair Paul Atkins believes these standards will enhance investor choices and access to digital asset products. The decision will notably reduce approval timelines that have traditionally taken months. Notable upcoming spot ETF applications include Solana, XRP, Litecoin, and Dogecoin. The new standards require that a crypto spot ETF must hold a commodity with surveillance access or list on a designated market for at least six months. However, SEC Commissioner Caroline Crenshaw has expressed concerns about potential risks to investors due to this streamlined approval process. Overall, the approval of generic listing standards is viewed positively, with expectations of increased crypto investment products in the US in the near future. [Original Post] Generated by DMK News Bot