VARIOUS PARTIES IN THE ENCRYPTION INDUSTRY SUBMITTED PROPOSALS TO THE US SEC ON THE DIFFERENTIAL RULES FOR NEW ETF REGULATIONS

On 3 September, encryption firms, asset management agencies, market dealers and consumer rights organizations submitted their comments to the United States Securities and Exchange Commission (SEC) in response to its comments on the new ETF regulatory framework, dealing with traded products such as encrypted assets, private collection assets, incident contracts and leverage strategies. The encryption industry organization Crypto Council for Participation (CCI) proposes to extend the regulatory facilities partially applicable to ETF to non-ETF exchange traded products. The venture capital agency, Andreasen Horowitz (A16z), stated that the SEC should be based on product asset and risk assessment and that all new ETFs should not be considered to be the same category. Grayscale opposed the addition of new portfolio restrictions for mature digital asset products, and Chainalysis suggested using the public chain to achieve real-time monitoring and verifiable disclosure. The Kalshi Support Incident Contract was incorporated into the Registered Fund, while the Consumer Rights Organization Public Citizen objected to the Incident Contract ETF being directed at the diaspora. The Commission will assess the adoption of a uniform regulatory framework or separate rules by product structure and risk。