Techub News report, Crypto America journalist Eleanor Terrett tweeted that the U.S. Securities and Exchange Commission (SEC) is coordinating with exchanges to create a universal listing standard for token-based ETFs, which is currently in its early stages. Eleanor Terrett revealed that if a token meets these standards, the issuer may skip the 19b-4 process and directly submit an S-1 application, waiting 75 days for direct listing by the exchange. This streamlined process is expected to save considerable paperwork and repeated communication costs for both the issuer and the SEC. The details of these listing standards are still unclear, but the market speculates that market capitalization, trading volume, and liquidity may all be under consideration. The SEC spokesperson declined to comment on this.