CRIPTO URG Leaders for Overhaul ETF Policy as Solana and XRP Files pile up

Cripto Leaders and Tradfi Bigvigs push sec to rewrite your ETF rules – and allow all ways to products related to Altcoin and Memema to Wall.

During a closed door meeting with a new SEC CRIPTO WORKING GROUP Friday, representatives of several companies involved in digital assets – including coinbass, andreessen chorowitz and financial services Giant Fidelity – pressed the regulator to repair its ETF policies, according to public submission Meeting notes.

Companies, all members of the Crypto Code for Innovation, Lobbystick Group industry, requested that the Dec would expand their current standards associated with the ETF. Currently, only the CRIPTO property traded in markets regulated SEC or CFTC-like Bitcoin and Ethereum– It was traded to be traded on Wall Street via ETF.

But would the powerful firms that met last week with Seck, they got a desire, it could soon change. These companies have now requested that the Agency requests to expand the concept of regulated market to involve the “scope of existing platforms for the crypt.”

That smaller change in language could have seismic implications. Efficient, Cripto and Will Street Main Players are now looking for any crypto market traded, say, which, to automatically set up the ETF approval.

That is a lot, a lot of lower bar than the one currently managed by the ETF market. If a tavern and faith find, then you could see not just a place soon Solana, XRP, and Dosekoin ETFS prolifers on Wall Street – as we saw pile up in the last months-Ut Squirrels and Gigachad-Retail products also.

The memorandum was submitted on Friday on the topic that such a change could serve in the “new wave” of the CRIPTO ETFS for retailers. It would also, efficiently, integrated the sector of the Sector of the Mema with a traditional American economy.

On Friday, the CRIPTO Innovation Council requested that SEC allows the ETF publishers to buy and sell cryptically directly, participate in stabilium digital assets and earn a reward. Currently CRIPTO ETF issuers in relation to Verost and Balkrock Do not detain BTC and ETH related to your products, nor create a valuable yield of staying by EG.

The day before the Crypto Cup for the Innovation Meeting with Seck, fidelity also met one on one from the CRIPTO Working Group Agency.

During that conversation two sides allegedly Standardization rules for entry of CRIPT’s ETF and clarity about the capacity of ETF publishers will be discussed to collect the rewards.

At a larger meeting on Friday, companies were presented in several additional requests, including the Sent should declare crypto such as Stablecoins and NFTS to not be securities, and the cropto offers like air carava to be outside the frame of the agency.

Edited Andrew Haiward