Brian Daly: SEC Admits Mistakes in Cryptocurrency ETF Approval and Will Establish a More Orderly Approval Mechanism

Brian Daly, the head of the investment management department of the US SEC, stated on the Trillions program that the SEC acknowledges its poor handling of cryptocurrency ETF approvals in the past, which has damaged industry trust. The SEC is promoting the establishment of a more orderly and asset neutral approval process to handle approximately 200 ETF applications per month, including innovative products such as market forecasting. Brian Daly emphasized that the SEC supports financial innovation while protecting investors, and is considering introducing a confidential declaration mechanism to prevent product ideas from being quickly copied.