SEC Approves Generic Listing Standards for Crypto ETFs, Streamlining Approval Process and Enhancing Investor Options

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.

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