Major Event! A Must-Read for Project Teams!!

Today, the SEC's cryptocurrency ETP (spot ETF) "listing standards" have been released through new exchange filing documents. Summary:

Any futures tracking coin that has been listed on the Coinbase derivatives exchange for more than 6 months will be approved.

The rule also promotes the possibility of staking through proposed rule 14.11 (e)(4)(G), which requires that if the assets available for immediate redemption are less than 85%, a liquidity risk management plan must be implemented.

This regulation requires public comment and review. The comment period is likely to end 21 days after publication in the Federal Register.

For newer altcoins without futures or Meme coins (such as Bonk and Trump coins), ETF approval will require compliance with the 40 Act. History shows that the 33 Act is more popular because it is purely spot.

This article is sponsored by #Bitget | @Bitget_zh

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