Key takeaways:
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The SEC introduced new post-shutdown guidelines that explain how registration statements, including crypto ETF filings, progress through Sections 8(a) and 461 of the Securities Act.
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Generic listing standards approved in September 2025 removed the need for individual 19(b) approvals for qualifying crypto ETPs.
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The government shutdown created a backlog of more than 900 filings, pushing issuers to rely on the automatic 20-day effectiveness mechanism under Section 8(a).
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The new SEC…
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