SEC Considers Streamlining Crypto ETF Approval Process Amid Backlog

The U.S. Securities and Exchange Commission, under new leadership, is reportedly exploring ways to expedite the approval of cryptocurrency exchange-traded funds. Industry observers suggest the regulator may introduce generic listing standards for token-based ETFs, potentially bypassing the current 19b-4 filing requirement.

Eleanor Terrett reports the proposed framework WOULD allow qualifying tokens to list through a simplified S-1 filing process after a 75-day review period. While specific criteria remain undefined, market capitalization, trading volume, and liquidity are under consideration as potential metrics.

The move comes as the SEC faces mounting pressure to address its growing backlog of crypto ETF applications. Market participants anticipate such reforms could significantly accelerate institutional adoption of digital assets, though the commission has declined to comment on ongoing deliberations.