Wu learned that according to crypto journalist Eleanor Terrett, the US SEC is in the early stages of collaborating with exchanges to develop a universal listing standard for token based ETFs. The SEC's idea is that if a token meets these criteria, the issuer can directly submit an S-1 prospectus without going through the 19b – 4 process, wait for 75 days, and then the exchange can list it. This move is expected to save the issuer and SEC a lot of paperwork and repeated feedback. As for what these listing standards will specifically include, it is still unclear. But some speculate that indicators such as market value, trading volume, and liquidity are all considered. The spokesperson for the SEC stated that they are currently unable to comment on this matter. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44879