The U.S. Securities and Exchange Commission (SEC) is working on new rules that could simplify the process of creating crypto ETFs, reducing time and paperwork.
New SEC Rules
SEC is drafting new rules that could potentially simplify the process of introducing crypto ETFs or token-based ETFs. Firms may be allowed to bypass a time-consuming process involving the 19b-4 form if a token meets certain basic standards. In that case, companies could file an S-1 form, wait 75 days, and exchanges like Nasdaq or NYSE would be able to list the ETF.
Approval Odds for Crypto ETFs
Experts have assessed the approval odds for ETFs on popular altcoins like XRP, SOL, and LTC, estimating them at 95%. The final decision deadline for Solana, XRP, and Litecoin ETFs is set for October, and it remains uncertain whether the new rules will come into effect before this deadline.
Legislative Changes and Their Implications
In mid-June, the U.S. Congress passed the GENIUS Act, creating the first clear legal rules for dollar-backed stablecoins. This new law establishes the first clear framework for dollar-backed stablecoins in the U.S., receiving strong support in the Senate with a 68–30 vote.
The upcoming changes in SEC rules could significantly simplify the creation process for crypto ETFs, potentially opening new opportunities for companies and investors in the crypto sector.
