According to ME News, on September 3 (UTC+8), cryptocurrency companies, asset management firms, market makers, and consumer advocacy groups submitted comments to the U.S. Securities and Exchange Commission (SEC) in response to its request for input on a regulatory framework for “new types of ETFs,” covering exchange-traded products such as crypto assets, private assets, event contracts, and leveraged strategies. The cryptocurrency industry group Crypto Council for Innovation (CCI) recommended extending certain regulatory accommodations applicable to ETFs to non-ETF exchange-traded products. Venture capital firm Andreessen Horowitz (a16z) stated that the SEC should assess products based on their underlying assets and risk profiles, rather than treating all new ETFs as a single category. Grayscale opposed adding new portfolio restrictions for mature digital asset products, while Chainalysis suggested leveraging public blockchains to enable real-time monitoring and verifiable disclosures. Kalshi supported including event contracts in registered funds, whereas the consumer advocacy group Public Citizen opposed allowing event contract ETFs to be offered to retail investors. The SEC will evaluate whether to adopt a unified regulatory framework or establish separate rules based on product structure and risk. (Source: ODAILY)
Multiple crypto groups submit differing ETF regulatory proposals to the SEC
KuCoinFlashShare
Summary
ETF news broke on September 3 as multiple crypto groups submitted diverse regulatory proposals to the SEC. The submissions included input from firms, asset managers, and advocacy groups regarding the SEC’s proposed framework for new ETFs covering crypto, private assets, event contracts, and leveraged strategies. CCI, a16z, Grayscale, Chainalysis, Kalshi, and Public Citizen each presented distinct positions. SEC updates highlight the agency’s ongoing evaluation of whether to adopt a unified framework or product-specific rules.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.