$SOL

The new framework proposed by the U.S. Securities and Exchange Commission (SEC) that could simplify the listing of cryptocurrency-based exchange-traded funds (ETFs) on platforms like Binance. Currently, issuers must submit two separate documents: Form S-1 (registration of the fund) and Form 19b-4 (seeking changes to exchange rules), which can take up to 240 days for review. Under the proposed 'general listing standard,' tokens that meet criteria such as high market capitalization, trading volume, liquidity, decentralization, and portfolio distribution can skip the 19b-4 step. Instead, issuers will only submit Form S-1, subject to a 75-day review, and then list the ETF immediately if no objections are raised. This approach aims to reduce delays and regulatory costs, potentially opening the door for instant ETFs linked to alternative cryptocurrencies like SOL, XRP, DOGE, LTC, and others - once the final rules are set by the SEC.