Crypto Groups Urge SEC for Tailored Rules on Novel ETFs
Leading crypto organizations, including Grayscale and a16z, are advocating for the SEC to maintain existing fund classifications and streamline the review process for new exchange-traded products. They emphasize the need to avoid blanket restrictions on novel ETFs and propose differentiated approaches for faster approvals.
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Crypto Groups Push SEC for Tailored Rules on Novel ETFs
Groups including The Crypto Council for Innovation, Grayscale, and a16z urged the regulator to preserve existing fund classifications and streamline reviews for new exchange-traded products.
Crypto industry urges SEC to avoid blanket novel ETF restrictions
Grayscale, a16z, and the CCI asked the SEC to preserve existing classification rules and avoid treating novel exchange-traded products as a single category, while proposing different routes to clearer and faster reviews.