SEC Director Acknowledges Crypto ETF Approval Failures, Pledges Streamlined Process on July 2

According to PANews, SEC investment management director Brian Daly acknowledged on July 2 that the agency mishandled crypto ETF approvals in the past, damaging industry trust. Daly stated the SEC is now establishing a more orderly, asset-neutral approval process to handle approximately 200 ETF applications monthly, including innovative products such as prediction markets.
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