The U.S. Securities and Exchange Commission (SEC) is reportedly drafting new rules that would potentially make it simpler to introduce crypto or token-based ETFs. Currently, firms must navigate a time-consuming process involving a specific form known as 19b-4, which is very time-consuming and involves repetitive exchange with the SEC.
But under this new idea, if a crypto token meets certain basic standards, companies might be able to skip that process. They would just file an S-1 form, wait for 75 days, and then the exchange (like Nasdaq or NYSE) could list the ETF.
This would both save a tremendous amount of time and paperwork for the SEC as well as companies attempting to bring these products to market. The specifics of the rules or listing standards have yet to be determined, but industry experts have speculated that they could include criteria such as the token’s market cap, trading volume, and liquidity. The SEC has not made an official statement about this yet.
Amid this development, chances of etf approval for trending altcoins like XRP, SOL and LTC are already soaring to 95% according to experts. The final decision deadline for Solana, XRP, and Litecoin ETFs is in October; it is uncertain whether the new rule will come into play before this deadline.
In mid-June, the U.S. Congress passed the GENIUS Act, creating the first clear legal rules for dollar-backed stablecoins. This new law sets the first clear legal framework for dollar-backed stablecoins in the United States. It passed the Senate with strong support, receiving a 68–30 vote.
