A similar move was made by NYSE Arca, and means that there is a broader industry push for regulatory modernization. The filings also came just after the SEC approved in-kind creation and redemption mechanisms for crypto ETFs.Meanwhile, the White House backed comprehensive reforms through a 168-page policy report from Trump’s Working Group on Digital Assets, which are specifically aimed at reducing bureaucratic delays, clarifying SEC-CFTC oversight, and encouraging innovation.
CBOE Files for ETF Rule Change
The Chicago Board Options Exchange (CBOE) filed a request with the US Securities and Exchange Commission (SEC) to modify existing rules to allow crypto fund issuers to list exchange-traded products under a unified framework. This move could eliminate the need for separate approvals for each new crypto ETF, and streamline what has traditionally been a very time-consuming regulatory process.
ETF analyst Nate Geraci talked about the importance of the filing, and pointed out that under the proposed changes, any crypto ETF meeting predefined criteria would no longer require individual SEC review. A similar proposal was also submitted by NYSE Arca, which means that there is a broader industry push for regulatory modernization.
Currently, each new crypto ETF has to be approved through a 19b-4 filing with the SEC, which is a procedure that slowed innovation in the space. The new filings were made just one day after the SEC approved in-kind creation and redemption mechanisms for crypto ETFs, bringing them closer in line with traditional investment funds in terms of operational structure.
SEC press release
On the same day as the CBOE and NYSE Arca filings, the White House advanced a comprehensive push to integrate crypto into traditional finance by supporting updated regulatory proposals. A 168-page policy document was released by President Donald Trump’s Working Group on Digital Assets, and it outlines key initiatives to modernize crypto regulation.
It recommends removing bureaucratic delays, clarifying oversight responsibilities between the SEC and the Commodity Futures Trading Commission (CFTC), and updating rules around crypto custody and trading to make the regulatory landscape more accommodating for innovation.
These developments also closely follow Trump’s recent signing of the GENIUS Act, which establishes the foundation for a stablecoin regulatory framework. Additionally, the House of Representatives passed two critical bills—the CLARITY Act and the CBDC Anti-Surveillance State Act—focusing on the structural regulation of crypto markets and placing limitations on the development and deployment of central bank digital currencies. Both pieces of legislation are expected to be reviewed by the Senate once lawmakers return from their August recess.
