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US SEC may be formulating general listing standards for token ETFs
According to Foresight News, according to crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) is coordinating with the exchange to be in the early stages of creating a universal listing standard for token-based ETFs. Eleanor Terrett revealed that if a token meets these standards, the issuer may skip the 19b-4 process, submit an S-1 application directly, and wait for direct listing by the exchange after 75 days. This simplified process is expected to save a lot of paperwork and repeated communication costs for issuers and SECs.
The details of these listing standards are not clear at present, but the market speculates that market value, trading volume and liquidity may be within consideration. A SEC spokesperson declined to comment.
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