#BTCBreaksATH z

#BTCBreaksATH The U.S. Securities and Exchange Commission (SEC) is taking significant steps to regulate exchange-traded funds (ETFs) for digital currencies. Here’s what’s happening [6][7][11]:

- *New Guidelines*: The SEC has issued a document containing 12 pages of key disclosure requirements for digital currency ETFs, aimed at standardizing the approval process. This move could expedite the approval of funds linked to digital currencies such as Solana and XRP.

- *Streamlined Approvals*: The SEC is working on a new rule to replace the current approach of considering each case individually, which could reduce the approval time from 240 days to 75 days. This may open the door for exchange-traded funds backed by more speculative digital assets.

- *Impact on the Digital Currency Market*: Industry participants see this development as a positive step towards widespread adoption of digital currencies. However, critics remain concerned about volatility and potential price manipulation.