SEC Receives Proposal for TRON Leveraged ETF, Reveals New "Legal Highway" for Crypto ETFs

ETF Opportunities Trust has just filed for the establishment of the T-REX 2X Long TRON Daily Target ETF, a 200% leveraged ETF tracking TRON price movements.

The proposal for a leveraged ETF for TRON, a high-risk product, along with the listing of the REX-Osprey SOL + Staking ETF (the first staking ETF in the U.S.), shows that #SEC is loosening its conservative stance on complex crypto products. Previously, the SEC has maintained a tough stance on staking in lawsuits like Coinbase and Kraken. The price of $TRX has not reacted much to this news, even though Bitcoin has just reached a new ATH.

New "Legal Highway" and the Trend of Accepting Crypto ETFs

According to Reuters, the SEC is developing a new standard framework to expedite the approval process for #ETFcrypto . This new framework could shorten the approval time to about 75 days (instead of 240 days) if the application meets the criteria regarding market capitalization, decentralization, and fair wallet allocation. If enacted, this would be a "legal highway" for a series of altcoin ETFs.

In addition, major names in politics are also entering the crypto ETF race. Bitwise has been approved by the SEC to allow investors to withdraw capital in actual BTC/ETH. Trump Media & Technology Group (owner of Truth Social) has filed for the establishment of a Crypto Blue Chip ETF investing in BTC, $ETH , SOL, $XRP , and CRO, indicating direct political backing. Justin Sun (founder of TRON) also announced the purchase of 100 million USD in memecoin TRUMP and aims for TRON's IPO in the U.S.