Grayscale, a16z, and the Crypto Council for Innovation are advocating for the U.S. Securities and Exchange Commission (SEC) to avoid applying a blanket regulatory approach to new exchange-traded products (ETFs). They argue that each product should be assessed individually, taking into account its unique risks and structural components.
The organizations have raised concerns about extending investment company regulations to products that include non-security assets. Among their proposals are calls for clearer review timelines and the possibility of confidential preliminary approvals for applications.
