U.S. Exchanges Urge SEC to Explore Rule Modification for Expediting Crypto ETFs

Several prominent U.S. exchanges have reportedly submitted a formal request to the Securities and Exchange Commission (SEC), asking them to consider revising existing regulations governing the approval of crypto exchange-traded funds (ETFs). The intention behind this request is to streamline and accelerate the approval process, potentially making these innovative investment products more readily accessible to investors. The exchanges contend that the current procedures are excessively lengthy and impose unnecessary burdens on firms seeking to launch crypto ETFs. Observers anticipate that this petition will spark vigorous debate within the SEC regarding the future of digital assets in U.S. financial markets.