SEC Accelerates Development of Universal Listing Standards for Crypto ETFs, Altcoin ETF "Gate" May Soon Open

According to Theblock, the "sluice gates" for altcoin crypto ETFs are about to open as the U.S. Securities and Exchange Commission (SEC) considers accelerating the approval of a unified listing framework. Previously, crypto reporter Eleanor Terrett revealed that the SEC is working with various trading platforms to develop a universal listing standard for cryptocurrency ETFs, which is currently in its early stages. If a cryptocurrency meets the standard, issuers can skip the 19b-4 process and directly submit an S-1 filing, and the trading platform can list it after 75 days. This approach can save issuers and the SEC a significant amount of paperwork and time spent repeatedly soliciting opinions. The specific rules for the universal listing standard for cryptocurrency ETFs have not yet been clarified, and the market speculates that market cap, trading volume, and liquidity are all under consideration. [Foresight News]