Cryptocurrency journalist Eleanor Terrett has shared a notable development with the public following the softening of the U.S. Securities and Exchange Commission’s (SEC) stance on cryptocurrencies. According to Terrett, the SEC is in the early stages of creating a universal listing standard for token-based exchange-traded funds (ETFs) in collaboration with exchanges. With the new approach, if a token meets the specified criteria, issuers will be able to directly submit Form S-1, bypassing the 19b-4 filing, which is currently a lengthy and detailed process. In this case, after the 75-day waiting period, the relevant token ETF will be listed directly on the exchange. Terrett points out that this method can save both issuers and the SEC significant time and bureaucratic process. Related News: AI Altcoins That Cryptocurrency Developers Have Focused On the Most in the Last Month Have Been Revealed - Here is the Top 10 List However, it is not yet clear what the listing criteria will be. There are various speculations that market value, trading volume and liquidity may be among the main criteria. The SEC declined to make an official statement regarding the development. *This is not investment advice. Continue Reading: BREAKING: Historic Change Claimed to Completely Clear the Way for Altcoin Spot ETFs on the SEC
