The Crypto Innovation Council (CCI), a U.S. crypto industry group, submitted a comment letter to the Securities and Exchange Commission (SEC) on August 31, urging the agency to ensure fair regulation for novel ETFs that include crypto assets, blockchain opportunities, and event contracts. The CCI calls on the SEC to grant exchange-traded products (ETPs) not registered as ETFs the same regulatory efficiency as ETFs. The letter outlines three core recommendations: addressing ETFs involving AI imitation applications, closing the regulatory gap between existing ETFs and ETPs, and adapting the regulatory environment to accommodate innovative structures like prediction market contracts. The CCI aims to push for a forward-looking framework that supports crypto-related investment products.
On August 31, the Crypto Innovation Council (CCI), a U.S. crypto industry group, sent a comment letter to the Securities and Exchange Commission (SEC) pressing the agency to keep regulation fair for "novel ETFs" tied to crypto assets, blockchain investment opportunities, and event contracts. The group also asked the SEC to give exchange-traded products (ETPs) that are not registered as ETFs the same regulatory efficiency ETFs already get.
In the letter, CCI laid out three main recommendations. Among them: the SEC should deal with ETFs involving AI imitation applications and shut the regulatory gap between existing ETFs and ETPs. That’s the broader push here. CCI wants the regulatory environment to catch up with crypto-related investment products built with newer structures, including prediction market contracts.
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