The SEC has approved general listing standards for commodity trusts, simplifying the listing process for digital assets

ChainCatcher News, the U.S. Securities and Exchange Commission today voted to approve rule change proposals submitted by three national securities exchanges, which will adopt a universal listing standard for exchange-traded products holding spot commodities (including digital assets). As a result, exchanges can directly list and trade commodity trust shares that meet this universal listing standard without having to submit rule change proposals to the Commission under Section 19(b) of the Securities Exchange Act.

U.S. Securities and Exchange Commission Chairman Paul Atkins stated, "By approving these universal listing standards, we ensure that the capital markets continue to be the best platform for global digital asset frontier innovation. This approval helps maximize investor choice and promote innovation by simplifying the listing process and lowering the barriers for investors to access digital asset products in the trusted U.S. capital markets."