Analyst: The SEC's new listing standards for ETPs mean that a large number of encryption ETFs are about to be approved, and the decision-making authority of CEX and CFTC will be elevated.

On July 31, the cryptocurrency ETP "listing standard" of the SEC ( SEC ) was released today through the filing of a new trading platform. The document indicates that any tokens listed on the CEX derivatives trading platform with futures trading lasting more than 6 months are expected to be approved for (ETF). Market analyst @qinbafrank stated that the significance of this major change includes: 1. It means that a large number of crypto assets Spot ETFs are about to be approved; 2. CEX is the biggest beneficiary, and its crypto futures will be sought after by various project parties; 3. It means that the SEC's approval power for crypto assets Spot ETFs has been preemptively transferred to the CFCT (Commodity Futures Trading Commission), as the CFCT is the main decision-making and regulatory body that determines which assets can have futures contracts. BlockBeats previously reported that CEX announced on July 21 the launch of US Perpetual-Style Futures on the CEX derivatives trading platform, which fully complies with US regulatory standards while retaining the core functions of global perpetual contracts.