The American Securities and Exchange committee has approved a change in the way companies can list and negotiate stocks negotiated on the stock market, which should rationalize the process of new products in the future.
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The story
A majority of commissioners of the American Securities and Exchange committee voted to rationalize the process by which companies could list and exchange negotiated funds in exchange for STARY SPOTTO (ETF)As well as other types of FNB, thanks to the approval of a generic registration standard.
Why it matters
For more than a decade, the process of (Try and) The list of a fund translated in exchange for crypto was a 270 -day process which generally ended with the rejected ETF application. Last year, under the former president of the SEC, Gary Gensler, the regulator approved the Crypto ETF of the first point, for bitcoin and ether. In the past year, we have seen applications for a number of other assets.
Decompose it
The idea that the SEC would create generic registration standards has been discussed for a few months, at least since the regulator has interrupted the launch of the Grayscale digital fund earlier this year.
In July, the SEC approved that GDLC set up as FNB, but almost immediately interrupted the process. At the time, a familiar individual said that the break was probably intended to give the dry enough time to develop these generic registration standards.
Last Wednesday, the SEC approved these standards, allowing companies to bypass the process of the exchange law if their proposed products meet standards.
In a press release, the president of the SEC, Paul Atkins, said: “By approving these generic registration standards, we make sure that our capital markets remain the best place in the world to engage in advanced innovation of digital assets. This approval helps to maximize the choice of investors and to promote innovation in terms of rationalization of the registration process and to reduce barriers digital in America’s reliability markets. “.
A number of Spot Crypto ETF applications awaited a final decision of the regulator, and it seems likely that a certain number of new products arrive on the market in the coming months.
Find out more:
Dry facilitates the process of list of ETF Crypto ETF, approves the Graycale Capitalization Crypto Fund
Crypto ETF ‘Floodgates’ open with dry registration standards, but the impact of prices can be uneven
THURSDAY
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