星球日报
星球日报|11月 27, 2025 00:05
[New SEC Guidelines May Accelerate Crypto ETF Approval Process] Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) has issued new guidelines that could accelerate the approval timeline for crypto exchange-traded funds (ETFs). These updates were released following a prolonged government shutdown, which resulted in a backlog of over 900 pending registration filings. The SEC issued technical guidelines outlining how issuers can advance ETF applications under Section 8(a) and Rule 461 of the Securities Act of 1933. Key changes in the new guidelines that could expedite the approval process include: on September 17, 2025, the SEC approved universal listing standards for commodity trust shares on Nasdaq, Cboe BZX Exchange, and NYSE Arca. This eliminates the need for each eligible crypto ETP (Exchange-Traded Product) to obtain separate approval under Section 19(b). For filings submitted during the government shutdown, the guidelines confirm that registration statements without deferral clauses will automatically take effect after 20 days under Section 8(a). The new SEC instructions allow issuers to choose automatic effectiveness or formally request accelerated effectiveness under Rule 461 to achieve faster listings. (cointelegraph)
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