SEC Tells Issuers to Pull 19b-4s; ETFs Could Be Approved ‘Absurdly Fast’

The U.S. Securities and Exchange Commission (SEC) has asked crypto exchange-traded fund (ETF) issuers to withdraw their 19b-4 filings, paving the way for a faster approval process after new rules removed a key regulatory hurdle, a person familiar with the matter told CoinDesk. Earlier this month, the SEC signed off on generic listing standards, which allow exchanges to list commodity-based exchange-traded products (ETPs), including those tied to cryptocurrencies, without requiring a separate review for ea ...