Big news for crypto enthusiasts! The US Securities and Exchange Commission (SEC) is set to revolutionize the approval process for spot crypto ETFs. Here's what's happening ¹ ²:

- Faster Approvals: The SEC aims to reduce the approval time from 240 days to just 75 days by introducing a standardized framework.

- New Guidance: A 12-page document outlines key disclosure requirements for crypto ETFs, including custody methods and competitive risks.

- Potential Impact: This move could open the floodgates for altcoin ETFs, with Solana and XRP potentially leading the charge.

The SEC's new framework is expected to bring clarity and transparency to the approval process, paving the way for more crypto ETFs. Stay tuned! #SECETFApproval #Binance #BinanceSquare #crypto #etf