Crypto industry urges SEC to avoid blanket novel ETF restrictions

Crypto Insight Summary: Grayscale, a16z, and the CCI asked the SEC to preserve existing classification rules and avoid treating novel exchange-traded products as a single category, while proposing different routes to clearer and faster reviews. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Industry advocacy for ETF flexibility may influence SEC decisions but not immediately affect market sentiment.