Crypto firms urge SEC to speed ETF reviews and allow confidential draft filings

Industry participants are pressing the U.S. Securities and Exchange Commission (SEC) to accelerate its review process for cryptocurrency exchange‑traded funds (ETFs) while also permitting the submission of confidential draft filings.

Calls for Faster ETF Review

Crypto firms argue that a more efficient review timeline would help bring regulated products to market sooner, supporting investor access and market development.

Concerns Over Confidential Drafts

Jane Street and Charles Schwab highlighted potential drawbacks of confidential draft filings, noting that such practices might reduce transparency and limit the ability of market participants to conduct thorough scrutiny.

Balancing Speed and Oversight

The debate underscores the tension between accelerating product approvals and maintaining robust oversight to protect investors and ensure market integrity.