The U.S. Securities and Exchange Commission (SEC) has asked issuers of cryptocurrency ETFs to withdraw previously filed Form 19b-4 applications. This was reported by Fox Business journalist Eleanor Terrett.
It is about submissions related to spot ETFs on cryptocurrencies XRP, Solana (SOL), Litecoin (LTC), Cardano (ADA) and Dogecoin (DOGE).
According to Terrett, the withdrawal is due to what the SEC has adopted – common listing standards that make Form 19b-4 redundant. This simplifies the ETF approval process.
Bloomberg Intelligence analyst Eric Balchunas said the news from Terret confirms market expectations. According to him, it is logical, because after the adoption of common listing standards, there is no longer a need for Form 19b-4 submissions. At the same time, he added that it is not yet clear what the launch schedule will look like, but more details are expected soon.
The expert also said that the probability of approval for cryptocurrency ETFs is now effectively 100 per cent.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

