The SEC simplifies the listing process for Crypto Assets ETFs, and the withdrawal of applications for ETFs of LTC and four other coins is not a bad thing.

[Coin World] According to reports, a crypto journalist clarified on social media that the U.S. SEC's request for LTC, XRP, SOL, ADA, and DOGE ETF issuers to withdraw their 19 b-4 applications is not a bad thing. Two weeks ago, the U.S. SEC approved the general listing standards, eliminating the need for exchanges to submit 19 b-4 forms to list individual Token ETFs, thereby simplifying and accelerating the listing process. This move indicates that the new process is working as expected. As long as the Token meets existing standards, it is currently only necessary to submit the S-1 document to the U.S. SEC for approval of crypto assets ETFs at any time.