LATEST NEWS: A claim has emerged that a date change will completely open the way for Altcoin Spot ETFs for the SEC!

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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.

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