Crypto Industry Urges SEC to Avoid Uniform Restrictions for New ETFs

Grayscale and others urge SEC to evaluate ETFs individually.

Grayscale, a16z, and the Crypto Council for Innovation have urged the U.S. Securities and Exchange Commission (SEC) not to group new exchange-traded products into a single category, advocating for evaluations based on specific risks and structures.

The companies also opposed the automatic application of investment company rules to products with non-security assets. Their proposals include more predictable review timelines and the option for confidential pre-approval of applications.

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