What's up, buddies! Things are heating up in the world of cryptocurrencies and greenbacks. Imagine that the SEC of the United States and the exchanges, who set the rules of the game, are in full conversation, just like in a juicy gossip session, to see if they can ease the process of approving cryptocurrency ETFs. What does this mean? Well, if everything goes as expected, we could see those token investment funds skyrocketing without so much paperwork! 🤑
It turns out that right now, for a cryptocurrency ETF to see the light, it has to go through a two-step ordeal: first the S-1 registration and then the submission of the 19b-4 form. An eternal thing that sometimes makes them go round and round like a top! But the idea is that, if an ETF meets some generic requirements that are yet to be defined — like a list of 'things you absolutely must have' — it could skip that second step! They would simply submit the S-1, wait for the 75 regulatory days, and done! Out to the market with the fund. 🚀
This is a brutal change, my dear ones. It's as if the government said to you: "Look, if your empanada business is so good and meets this and that, I'm not going to put a thousand obstacles in your way to sell!" The goal is for the process to be faster and not to be left in limbo. They are thinking that the criteria for qualifying tokens should include things like market capitalization, daily trading volume, and liquidity in regulated markets. In other words, the token should have muscle and move! 💪
All of this is cooking while a bunch of companies are keeping their fingers crossed waiting for the SEC to give the green light to their ETF applications. So be alert, because this is just beginning! 🔥$XRP $BNB $SOL
