Gate Alpha 2nd Points Carnival Round 4 Hot Launch! Trade to Share $30,000 MORE & Alpha Points
Trade $MORE to unlock Listing Airdrops + $300K Points Prize Pool!
💰 Total Airdrop Volume: $30,000 MORE, Limited slots—first come, first served!
✅ Total Points: 2 Alpha Points per trade—accumulate points to share the $300K prize pool!
🔥Trade the Hottest On-Chain Assets First
For more information: https://www.gate.com/campaigns/1342alpha?pid=X&c=MemeBox&ch=vxDB0fQ5
LATEST NEWS: A claim has emerged that a date change will completely open the way for Altcoin Spot ETFs for the SEC!
Crypto journalist Eleanor Terrett shared a noteworthy development with the public following the observed softening in the attitude of the U.S. Securities and Exchange Commission towards cryptocurrencies. According to Terrett, the SEC, in collaboration with exchanges, is in the early stages of creating a universal listing standard for token-based ETF.
With the new approach, if a token meets the specified criteria, issuers will be able to skip the currently lengthy and detailed process of the 19b-4 application and submit the S-1 form directly. In this case, after a 75-day waiting period, the relevant token ETF can be listed directly on the exchange. Terrett points out that this method can significantly save time and bureaucratic processes for both issuers and the SEC.
However, the specific listing criteria have not yet been clarified. There are various speculations that market capitalization, trading volume, and liquidity could be among the prominent criteria.
SEC refrained from making an official statement regarding the development.
*It is not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data right now! Also, start live price tracking by downloading our Android and IOS Apps immediately!