SEC Pseudo-Outsources Crypto ETF Decisions to CFTC Through Futures Rule

The SEC has effectively transferred crypto ETF approval authority to the CFTC by establishing futures contracts as the primary qualification standard for digital asset exchange-traded products. Bloomberg analyst James Seyffart described this arrangement as “pseudo-outsourcing” decision-making power to the derivatives regulator. Under the proposed listing standards, cryptocurrencies need only show six months of futures trading […] The post SEC Pseudo-Outsources Crypto ETF Decisions to CFTC Through Futures Rule appeared first on Coin Edition.