The South Korean government has distributed $15 million in debt relief funds, originally intended to support small businesses, to cryptocurrency holders.

The post Crypto ETF Floodgates Open With SEC Listing Standards. What Does It Mean For Prices? appeared on BitcoinEthereumNews.com. The U.S. Securities and Exchange Commission (SEC) has cleared a path for a flood of new crypto exchange-traded products to hit the market, a move analysts say could reshape how money flows into digital assets. On Wednesday, the agency approved generic listing standards for “commodity-based trust shares” across regulated exchanges Nasdaq, Cboe BZX and NYSE Arca. Read more: SEC Makes Spot Crypto ETF Listing Process Easier, Approves Grayscale’s Large-Cap Crypto Fund The new rules remove the need for each crypto ETP to undergo its own individual rule filing under Section 19(b) of the Exchange Act. Instead, an offering whose underlying assets satisfy certain objective eligibility tests — for example, if the crypto trades on a market that is a member of the Intermarket Surveillance Group (ISG), or if the underlying asset’s futures contract is listed on a CFTC-regulated designated contract market for at least six months — can be listed using these generic standards. What’s next? The regulatory shift marks a watershed for the crypto industry, removing much of the procedural drag that has historically slowed getting new crypto products to the market, analysts said. “[The] crypto ETF floodgates are about to open,” said Nate Geraci, a well-followed ETF analyst and president of NovaDius Wealth Management. “Expect an absolute deluge of new filings and launches,” he said. “You may not like it, but crypto is going mainstream via the ETF wrapper.” Matt Hougan, chief investment officer of digital asset management firm and ETF issuer Bitwise, said the SEC’s move is a “coming of age” moment for crypto. “[It’s] a signal that we’ve reached the big leagues,” he wrote. “But it’s also just the beginning.” History backs up predictions that the number of new crypto ETF launches will accelerate under the new regime. When the SEC approved generic listing standards for…

PANews reported on September 17th that on-chain sleuth ZachXBT tweeted that OpenVPP ( $OVPP ) announced this week that it was collaborating with the US government to advance energy tokenization. SEC Commissioner Hester Peirce subsequently responded, stating that the company does not collaborate with or endorse any private crypto projects. The OpenVPP team subsequently hid the response. Several crypto influencers have participated in promoting the project, and the accounts involved have been questioned as typical influencer accounts.

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