SEC Forms New Cryptocurrency Task Force, Potentially Paving Way For More ETF Approvals

According to Odaily, the U.S. Securities and Exchange Commission (SEC) has announced the formation of a new cryptocurrency task force. Insiders view this development as a potential gateway to updated regulations and increased approvals for cryptocurrency funds. Matt Mena, a cryptocurrency research strategist at 21Shares, noted that the newly established task force, led by Commissioner Hester Peirce, could expedite the approval of a broader range of cryptocurrency ETFs, including those for SOL, XRP, LTC, DOT, and DOGE.