$SOL #SECETFApproval
🚨 SEC Aims to Simplify Cryptocurrency ETF Approval
The SEC is reportedly working on a new framework to simplify the approval process for cryptocurrency ETFs. Under the current system, exchanges must submit a Form 19b-4—triggering a lengthy review process that can take up to 240 days. New rules, if implemented, could expedite the listing of qualified cryptocurrency products, bringing them closer to traditional ETF processes.
💡 Will this open the door to a wave of acceptance from institutions and increase market liquidity? Or could it pose new risks in a rapidly evolving space?