The Chicago Board Options Exchange (CBOE) has filed a request with the U.S. Securities and Exchange Commission (SEC) to establish a standardized framework for listing cryptocurrency exchange-traded funds (ETFs). If approved, this rule change could simplify the approval process by eliminating the need for individual filings for each new crypto ETF, provided issuers meet predefined criteria.
ETF analyst Nate Geraci emphasized the importance of the proposal, noting it could significantly reduce regulatory hurdles for future crypto ETFs. NYSE Arca has also submitted a similar filing, signaling a broader industry effort to streamline crypto ETF approvals.
Currently, exchanges must file a 19b-4 form for each new crypto ETF, triggering a lengthy SEC review process. The CBOE’s proposal follows the SEC’s recent approval of in-kind creations and redemptions for crypto ETFs, bringing them closer to traditional ETF structures.
In parallel, the White House has advanced new measures to align cryptocurrency regulations with traditional finance frameworks. A 168-page policy report from former President Donald Trump’s Working Group on Digital Assets recommended clearer trading guidelines and reduced restrictions on blockchain innovation. Key proposals include urging the SEC and CFTC to clarify rules on crypto custody, trading, and registration while cutting bureaucratic delays for new financial products.
Additionally, recent legislative developments include the signing of the **GENIUS Act**, which establishes a regulatory framework for stablecoins, and the House’s passage of the **CLARITY Act** and **CBDC Anti-Surveillance State Act**, addressing crypto market structure and restricting central bank digital currencies (CBDCs). These bills await Senate review after the August recess.
These moves reflect a growing push to integrate cryptocurrencies into mainstream finance while modernizing regulatory oversight.