The SEC approved updated listing standards for Nasdaq Texas, adding a clear "digital commodity" definition and giving crypto investment products significantly more flexibility. Similar changes were previously approved for Nasdaq, NYSE Arca, and Cboe BZX. Key Rule Highlights: Core Allocations: At least 85% of holdings must be in eligible assets, cash, or cash equivalents. Flexibility Cap: Up to 15% can consist of digital commodities or securities that don’t meet standard criteria. Active Management: Now permitted, provided proper disclosures and safeguards are met. Asset Status & Outlook: Major assets like BTC, ETH, SOL, and XRP were mentioned as examples of assets already eligible under existing exchange rules—not as new federal classifications. While these rule changes don't automatically approve new funds, they open the door for broader portfolio designs, active strategies, and diversified crypto exposure. #SEC #CryptoNews #Bitcoin #Ethereum #Altcoins SEC Expands Listing Rules for Crypto Funds The SEC approved updated listing standards for Nasdaq Texas, adding a clear "digital commodity" definition and giving crypto investment products significantly more flexibility. Similar changes were previously approved for Nasdaq, NYSE Arca, and Cboe BZX. Key Rule Highlights: Core Allocations: At least 85% of holdings must be in eligible assets, cash, or cash equivalents. Flexibility Cap: Up to 15% can consist of digital commodities or securities that don’t meet standard criteria. Active Management: Now permitted, provided proper disclosures and safeguards are met. Asset Status & Outlook: Major assets like $BTC, $ETH, $SOL, and XRP were mentioned as examples of assets already eligible under existing exchange rules—not as new federal classifications. While these rule changes don't automatically approve new funds, they open the door for broader portfolio designs, active strategies, and diversified crypto exposure. #SEC #CryptoNews #Bitcoin #Ethereum #Altcoins
🚨 SENATE UPDATE: New 630-Page Draft of the CLARITY Act Emerges Before September 15 Vote A revised 630-page draft of the CLARITY Act is currently being reviewed in the Senate as lawmakers prepare for the upcoming vote on September 15. Key Highlights of the Updated Draft: DeFi Registration Standards: Outlines specific conditions under which non-fully decentralized protocols are required to register with the CFTC. Narrowed DeFi Scope: Restricts newly proposed regulations exclusively to spot and cash transactions. Prediction Market Revisions: Incorporates feedback from Native American groups regarding tribal concerns over prediction markets. Democratic Input: Integrates more than 100 modifications requested by Democratic legislators. Although the bill has not yet achieved full bipartisan sponsorship, proponents emphasize that these revisions aim to consolidate broader support ahead of the Senate floor vote.