SEC postpones decision on approval of Franklin Templeton's cryptocurrency index ETF

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Franklin Templeton Crypto Index ETF to early 2025.
On the 20th (local time), the SEC announced in a letter issued on the same day proposed rule changes to allow cryptocurrency index ETFs to be listed on the federal register on October 8, 2024.
"The Commission specified a longer period to allow it time to fully consider the proposed rule changes and related issues," an SEC official said.
The Commission has determined that it is appropriate to provide a written notice to the Board to approve or reject the rule change under section 19(b)(2) of the Act.
The SEC said it will set a deadline of January 6, 2025 for the initiation or denial of the proceedings. Meanwhile, Franklin Templeton filed for a cryptocurrency index ETF with the SEC in August.
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