Deep Tide TechFlow News, on July 1, reported by former Fox reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) is coordinating with exchanges and is in the early stages of creating a universal listing standard for token-based ETFs. Eleanor Terrett revealed that if a certain token meets these standards, the issuer may skip the 19b-4 process and directly submit an S-1 application, awaiting direct listing by the exchange after 75 days. This simplified process is expected to save considerable paperwork and repeated communication costs for both the issuer and the SEC.

Currently, the details of these listing standards are not clear, but the market speculates that market capitalization, trading volume, and liquidity may all be under consideration. The SEC spokesperson declined to comment on this.