Crypto Industry Urges SEC Against Blanket Restrictions on New ETFs

Industry leaders including a16z, Grayscale, and the Crypto Council for Innovation (CCI) have submitted comments to the U.S. SEC, arguing against a one-size-fits-all regulatory approach for new types of ETFs. The firms contend that products should be evaluated based on individual risk profiles rather than broad categorizations. a16z emphasized that crypto-based ETPs benefit from mature market infrastructure, while Grayscale argued that established digital asset products should not face new burdens simply due to being labeled 'novel.' The submissions coincide