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CBOE files to –streamline crypto ETF lists as the US pushes the regulation reform


The Chicago Board Options Exchange (CBOE) has filed a rule change request with the US Securities and Exchange Commission (SEC) to allow those who provide crypto funds to list products under a single framework, which potentially eliminate the need for individual approved for each new fund.

The filing was highlighted by the ETF analyst Nate Geraci, who noted that the proposed rule change could streamline the approval process for the funds exchanged by crypto (ETF).

If the changing rule passes, “the givers do not need to request a specific approval for each Crypto ETF as long as it meets certain standards,” Geraci said.

Geraci said a similar filing was also submitted by the NYSE ARCA.

Source: Nate Geraci

Under current regulations, exchanges are required to file a 19b-4 form for each new Crypto ETF offer, starting a long and frequent complex SEC analysis process.

Files come up one day after The SEC approved the creations and redemption For Crypto ETFs, the asset class is closer to the traditional fund structures.

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Crypto moves closer to traditional financial frameworks

The filing filings of the rule come on the same day the The White House has moved forward with new proposals To align the cryptocurrency regulations in traditional finances.

US president’s working group Donald Trump in Digital Assets has released a 168-page policy document calling for clearer trading guidelines and relaxing restrictions on blockchain change-moves intended to accelerate the availability of new crypto products for consumers.

Among the main recommendations are calls for the SEC and Commodity Futures Trading Commission (CFTC) to clarify federal policies in caution, trade and registration. The report also urged regulators to eliminate “bureaucrat delays” that slow down the controlling of modern financial products.

Earlier this month, Trump signed the Genius Act in law, putting the foundation for a broader framework of regulation in Stablecoins.

The The House of Representative also passed The Clarity Act and the CBDC Anti-Surveillance State Act, which focuses on the structure of the crypto market and imposes restrictions on digital currencies in the central bank. Both bills are set to be considered by the Senate after lawmakers return from their backdown in August.

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Related: Crypto Biz: Hive’s Nasdaq Moment, Citadel’s tokenization warning and Trump’s Bitcoin Bull