SEC Approves Generic ETF Listing Standards, Eliminating the Process of Individual Approvals for ETFs

• SEC approves generic ETF listing standards.
• This move eliminates the process of individual approvals for ETFs.
• The US prepares fro greater announcements following crucial discussions.

The SEC approves generic ETF listing standards, clearing the path for all digital asset listing in the future, without the hassle of going through individual approvals. This move expedites the ETF approval process, perhaps leading to a hastening of altcoin ETF approvals in the coming days ahead. Will this be the trigger behind the long-awaited altcoin market pump? The move was supported by reputed crypto figures.

SEC Approves Generic ETH Listing Standards

With this move, the crypto market can unlock greater global adoption at a much faster rate. The SEC will no longer have to individually approve each ETF listing, meaning if the generic ETF listing standards are met, then the ETF approval goes through. What’s more, the generic ETF standards confirm less case-by-case uncertainly, unlocking major opportunities for digital assets at scale.

Responses to the announcement shows incredible positivity from the crypto community. Marked as a major win, crypto enthusiasts look forward to seeing all pending ETFs to be approved in bulk. These include the pending ADA, XRP, NEAR, and several other altcoins ETF listings. This move could not have been made without the participation of several reputed crypto figures.

As we can see from the post above, Brian Armstrong, CEO and Co-Founder of Coinbase was in DC working the past few days to get a strong and transparent market structure passed for crypto. He is pleased to share that this is how the leaders of crypto can ensure the industry can be built in America, driving innovation and protecting consumers, and making sure we never have another Gary Gensler trying to take away one’s rights.

It is no secret that American crypto leaders faced a lot of challenges when Gensler was the Chair of the SEC. As soon as Trump took office Gensler was replaced and all pro-crypto moves that followed after was supported by esteemed cooperation between an administration working to support innovation and a transparent force of leadership and innovators hoping to create clarity for a growing industry together.

America Powers Through

With the latest generic ETF approval standard in place, America isn’t stopping there. Next, Trump’s administration is hosting a few discussions to decide how best to carry forth its vision for the US Strategic Reserve, and many other interesting industry-related topics that will cement the country’s vision of becoming the global crypto hub. Thus, Armstrong and many other popular industry figures remain in DC.

To highlight the innovation power heading to DC, Cardano Founder, Charles Hoskinson, also revealed that he has headed to DC to confirm his participation in the Senate Banking Committee’s roundtable discussing crypto market legislation. Indeed, America is working on a lot of pro-crypto changes for a brighter and more transparent future. What will come out of these top-tier discussions?