The US Securities and Exchange Commission (SEC) is set to propose universal listing standards for cryptocurrency spot Exchange Traded Products (ETPs), potentially expediting the approval process. Under the new framework, ETPs that meet specific criteria could be approved within 75 days, eliminating the need for individual applications. Bitwise CIO Matt Hougan anticipates that this change could lead to the rapid launch of ETPs for various crypto assets, including Solana, XRP, and Chainlink, thereby expanding the market. Historically, similar regulatory changes in the traditional ETF market led to a significant increase in annual issuances.