The US Securities and Exchange Commission (SEC) has opened public comments for two proposed Cryptocurrency Exchange-Trade Funds, or ETFs from asset manager Franklin Templeton to listed on the Chicago Board Options BZX Exchange.
In separate filing on Tuesday, SEC Said It was establishing the proceedings that could allow the US exchange to list and trade the Franklin XRP ETF and Franklin Solana ETF shares. CBOE BZX Exchange A proposed rule filed for change To allow the approval of investment vehicle with SEC in March, which the regulator delayed in April, carried forward its time limit for a decision by Tuesday.
In both the filing SEC said, “The organization does not explain that the Commission has come to any conclusion regarding any issue involved.” “Rather, the Commission seeks and encourages individuals interested in providing comments on the proposed rule change.”
In case of publication in the Federal Register, the SEC notice will effectively push the deadline to decide whether Franklin Templeton ETF is to be approved or rejected by July 35 days, by July. However, the American regulator has already greeted investment vehicles for bitcoins (BTC) And ether (ET), Many companies are going to be the first to be approved for tokens like XRP, Solana (Fifth note of musical scale), And the other.
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The US exchange with a proposed listing from several asset managers has already filed for listing and trading investment vehicles with SEC coming into contact with SOL or XRP, including Bitwaiz, Prosheres and 21 lions. The SEC has fundamentally changed its regulatory approach to digital assets under the Trump administration and the President’s pick to preside over the agency, Paul Atkins, except for several high-profile enforcement works against cryptocurrency companies.
It is not clear that this handling of digital assets can extend to ETFs tied to XRP or Solna. However, Trump Proposed both assets As part of his plans for American Crypto StockPile.
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