The American Committee on Securities and Exchanges (SEC) requires the withdrawal of ETF requests for Leticoin, Rebel, Solana, Cardano and Dujakin immediately, and here is the reason.

The American Committee on Securities and Exchanges (SEC) has instructed the emission of immediate negotiation funds to the Stock Exchange (ETF) for Litecoin, Ripple, Solana, Cardano and Dogoin Currency (Dogecoin) by removing their requests in suspension in the 19B-4 model.

This procedure comes after the approval of the Committee on September 18 on the general standards of the list that simplifies the process of introducing new boxes on purse cryptocurrencies (ETF) on the market.

These directives are not considered a setback for boxes of the boxes, but rather a change in procedures which cancel the need to make individual adjustments to the stock market bases for each currency separately.

The Crypto ETF market develops to include new currencies with Bitcoin and Etheerium in light of the new rules

The new organizational framework for scholarships such as NASDAQ, CBOE BZX and NYSE ARCA allows the inclusion of boxes on scholarship cryptocurrencies (ETF) under general bases, provided that the products are paid for predetermined standards.

Exporters can now take direct S-1 recording data, which is the last step before launching a bargaining box on the Stock Exchange (ETF). It is planned that the withdrawal of requests 19B-4, which are no longer necessary this week, will start with several final dates approaching in October for current requests.

And at least 16 proposals covering other digital currencies other than Bitcoin and Ethereum are being examined by the American Committee on Securities and Exchange (SEC), and this transformation is part of what the organizers describe as a mature framework for digital funding products.

The Committee’s approval design occurred to general standards to provide a stable platform for boxes circulating on the Stock Exchange (ETF) with digital assets, while providing exemptions that encourage the development of financial markets on blockchain.

On this subject, the head of the American Committee on Securities and Exchanges (Paul Atkins) said that the new framework reduces obstacles while retaining the protection of investors, noting that the rules support innovation without prejudice to control.

For exporters such as Grayscale, 21 actions and Vaneck, this is a fundamental change. In the past, each product requires two separate agreements, one of the scholarship by presenting the 19B-4 model, and another of the asset manager via the S-1 model.

Previously, this process lasted 9 months or more often. But with the adoption of general standards, time tables can be reduced to at least 75 days.

For its part, the American Securities and Exchange Committee (SEC) has already started to apply the new framework, because it accepted the digital fund for large capitalization (Grayscale), the first stock market negotiation product which includes several digital currencies listed in the simplified system.

The GDLC fund offers Bitcoin, Ethereum, Ripple, Solana and Cardano, and currently costs $ 915 million, and approval is a turning point for several cardboard products on the American market.

This change comes in light of the flow of a large number of new requests. On September 17, exporters submitted at least 5 new proposals to the scholarships of the Stock Exchange (Spot ETF) affiliated with Bitwise, “Basy income” boxes that cover Bonk-Bonk and Currency Litecoin et Sui-sui.

For her part, Nate Girassi, one of the founders of the Institute, said that the requests demonstrate the extent of the market expansion outside the range of Bitcoin and the traditional Ethereum.

The US Committee on Securities and (SEC) exchanges faces a wave of final dates for box requests

Currently, there are more than 92 requests for boxes circulating on the Stock Exchange (ETF) in digital currencies under the US Security and Exchange Committee (SEC), knowing that the final dates for many of these requests are located in the months of October and November. While the deadline for having made a decision on the requests of the Franklin Templeton Company for the stock exchange boxes on the Stock Exchange (Solana) and the ripple currency (November 14), after the committee used its maximum power to extend the deadline for 60 days earlier this month.

Regarding the modification of BlackRock to add the mortgage function to the Ishares Etareum Trust, it should make a decision on October 30. A decision should be made on Greyscale on November 12, and for proposals associated with Dogoin and Litecoin and other alternative currencies, they are distributed at the same time.

On the other hand, Bloomberg expects more than 95% to be approved on the stock exchange boxes (Solana) and Ripple by the end of the year. In the same context, the prediction markets reflect the same optimism, because the possibility of approval of the ETF Fund on the Polymarket platform is 99%.

Analysts indicate that new standards make the calendar less linked to official final dates, because paradise may approve S-1 requests at any time if the products meet the requirements. In addition, the American Committee on Securities and Exchanges (SEC) is coordinated with the CFTC Committee on the regulation of digital assets more.

A joint round table should unify the approach between the two agencies, as part of the “Crapto Crypto” initiative launched by President Atkins in July in order to update the securities rules for the digital age.

For investors and export organizations, the withdrawal of requests 19B-4 shows how the regulatory framework is transferred separately from each case processing to follow the unified procedures for all requests. Although many products are still waiting for the exam, the simplification of procedures shows the presence of pastels for the arrival of a wide range of boxes circulating on the stock market (ETF) in digital currencies on the market.

The Post-American Committee on Securities and Exchanges (SEC) requires the withdrawal of FNB requests for Leicoune, Riptin, Solana, Kardano and Dujakin immediately, and here is the reason why it appeared for the first time on Cryptonews Arabic.