The Chicago Board Options Exchange (CBOE) has submitted a request to the U.S. Securities and Exchange Commission (SEC) to change existing rules to allow crypto fund issuers to register products under a unified framework.
CBOE's Request for Rule Change
CBOE filed a request to the SEC to allow for the modification of rules, which would enable crypto funds to register their products under a unified system.
According to ETF analyst Nate Geraci, if approved, any crypto ETF meeting predefined criteria would no longer require individual SEC review.
White House Report on Reforms
Simultaneously with the CBOE filing, the White House is pushing updated regulatory proposals. In a 168-page document prepared by the Working Group on Digital Assets, key initiatives for modernizing crypto regulation are outlined.
The document recommends eliminating bureaucratic delays and clarifying the responsibilities between the SEC and the Commodity Futures Trading Commission (CFTC).
Overall Push for Regulatory Modernization
These efforts come alongside President Trump's recent signing of the GENIUS Act, which lays the groundwork for a stablecoin regulatory framework. Moreover, the House of Representatives passed two significant bills addressing structural regulation of crypto markets.
With the current proposals for regulatory modernization, the industry is moving towards a more efficient and innovative system for managing crypto ETFs and other digital assets.
