by: xpoolPosted on:

SEC Calls for ‘First to File’ Review in Cryptocurrency ETFs

Cryptocurrency exchange-traded funds (ETFs) are facing a renewed regulatory push as firms are urging the SEC to reinstate a system favoring early filers. Three prominent players – VanEck, 21Shares, and Canary Capital – have jointly requested a return to the ‘first to file, first to approve’ principle for ETF applications in a letter sent to the SEC. This method prioritizes the review and potential approval of applications based on their submission date, prioritizing those who acted first in line.

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