🚨SCOOP: The @SECGov is in the early stages of creating a generic listing standard for token-based ETFs in coordination with exchanges. The thinking, I’m told, is that if a token meets the criteria, issuers could skip the 19b-4 process, file an S-1, wait 75 days, and the exchange could list it. This approach could save both issuers and the SEC a lot of paperwork and back-and-forth on comments. What those listing standards would be is still unclear, but some are speculating market cap, trading volume and liquidity are all under consideration. Through a spokesperson, the SEC declined to comment.