Cryptocurrency journalist Eleanor Terrett has shared a notable improvement with the general public following the softening of the U.S. Securities and Trade Fee’s (SEC) stance on cryptocurrencies. In accordance with Terrett, the SEC is within the early phases of making a common itemizing customary for token-based exchange-traded funds (ETFs) in collaboration with exchanges.
With the brand new strategy, if a token meets the desired standards, issuers will have the ability to immediately submit Type S-1, bypassing the 19b-4 submitting, which is presently a prolonged and detailed course of. On this case, after the 75-day ready interval, the related token ETF shall be listed immediately on the alternate. Terrett factors out that this methodology can save each issuers and the SEC vital time and bureaucratic course of.
Nonetheless, it isn’t but clear what the itemizing standards shall be. There are numerous speculations that market worth, buying and selling quantity and liquidity could also be among the many primary standards.
The SEC declined to make an official assertion relating to the event.
*This isn’t funding recommendation.
