#SECETFApproval The SEC moves towards a new framework for cryptocurrency ETFs

The guidance is the latest significant change in how regulators approach crypto assets

The measures set the stage for a wave of new crypto products

July 7 (Reuters) - The new guidelines from the U.S. Securities and Exchange Commission (SEC) regarding disclosure requirements for exchange-traded products linked to cryptocurrencies marked the first step towards the approval of dozens of ETF applications linked to everything from Solana and XRP to the meme coin named after President Donald Trump.

The guidance, issued last Tuesday, marked a drastic change by the Republican leadership in how the primary regulator of U.S. markets addresses the cryptocurrency sector. The SEC has created a task force to draft new regulations, has reoriented its compliance team regarding cryptocurrencies, and has suspended or even abandoned high-profile enforcement cases that many believed the agency was winning.