#SECETFApproval The U.S. Securities and Exchange Commission (SEC) is advancing a new rule that could significantly impact the approval process for spot cryptocurrency exchange-traded funds (ETFs), including those related to XRP. This proposed regulation aims to streamline the approval process, potentially reducing the waiting period from 240 days to just 75 days by implementing a standardized framework .

The SEC has also issued a 12-page guidance document outlining disclosure requirements for crypto ETFs. This guidance emphasizes transparency regarding custody arrangements, risks, and other distinctions specific to crypto ETFs . The intention is to enhance investor protection while supporting innovation within the crypto asset class.