SEC Official Admits Flawed Crypto ETF Process, Signals Push for Standardized Framework

A senior U.S. Securities and Exchange Commission (SEC) official has acknowledged that the agency’s earlier handling of cryptocurrency exchange-traded fund (ETF) approvals was insufficient—an admission that could add fresh pressure on regulators to standardize how digital-asset products are reviewed.

Brian Daily, head of the SEC’s Division of Investment Management, said in a recent program that past shortcomings in the approval process “hurt industry trust,” according to local outlet Pinews. His remarks come as the commission faces a growing backlog of novel product proposals that…  Read more

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