SEC Lays Groundwork for Wave of New Crypto ETFs

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The SEC has taken its first concrete step toward approving a flood of cryptocurrency ETFs, releasing new disclosure rules that could fast-track funds tied to Solana, XRP, and even a Donald Trump-themed meme coin.

The guidance, issued last week, reflects a notable shift in the agency’s stance under Republican leadership. Alongside the new rules, the SEC has paused some enforcement actions, reshuffled its crypto team, and launched a task force to draft clearer regulations.

Asset managers expect further streamlining from the SEC’s trading division, which could speed up the launch of new products. “This is the SEC’s response to the explosion of crypto ETF filings,” said CF Benchmarks CEO Sui Chung.

Bitwise CIO Matt Hougan summed up industry sentiment:

“The fact that we finally have guidance is the real news here.”