SEC considers establishing a new framework for rapid approval of ETFs, or may release a draft this month

Odaily Planet Daily News: The US Securities and Exchange Commission (SEC) is considering establishing a new framework to accelerate the approval process, and is expected to release relevant drafts this month. Multiple cryptocurrency spot ETFs are expected to be approved one after another. Previously, crypto journalist Eleanor Terrett revealed that the framework may allow exchanges to directly launch eligible crypto ETFs based on unified standards, without the need to submit 19b-4 documents one by one and wait for a 75 day approval cycle. Bloomberg ETF analyst James Seyfart predicts that the new regulations will be officially implemented as early as September or October, at which time more cryptocurrency ETFs are expected to receive approval and release. （The Block）