The SEC is considering establishing a new framework for expedited ETF approvals, with a draft potentially being announced this month.

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According to Mars Finance, the U.S. Securities and Exchange Commission (SEC) is considering establishing a new framework to accelerate the approval process, with a related draft expected to be released this month. Multiple encryption Spot ETFs are expected to be approved in succession. Previously, encryption reporter Eleanor Terrett disclosed that this framework may allow exchanges to directly list eligible encryption ETFs based on unified standards, without having to submit individual 19b-4 filings and waiting for the 75-day approval cycle. Bloomberg ETF analyst James Seyffart expects that the new regulations will be officially implemented as early as September or October, when more encryption asset ETFs are likely to see a wave of approvals. (The Block)

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