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# Coinbase’s Alteration in Listing Protocol: Conformity and SEC Hope Conceal Perils
*This dispatch was initially released in The Roundup bulletin on January 31st. Subscribe here.*
Confidence is escalating inside the sector.
Cryptocurrency marketplace Coinbase has revealed intentions to extensively revise its token listing procedure this month.
With a fresh SEC leader in charge, crypto behemoths are wagering that Paul Atkins will be more sector-supportive.
Before, getting listed on Coinbase was a substantial obstacle. Chief Executive Officer Brian Armstrong indicates that’s poised to transform.
Rather than meticulously scrutinizing each application, Coinbase might allow users to denote potential frauds or hype-fueled tokens before intervening to halt listings.
Envision it as a “community annotations” mechanism for crypto.
Armstrong posted that “assessing each token separately is no longer practical,” given the sheer quantity of novel tokens materializing weekly. “Regulators must grasp that applying for authorization for each token is also entirely unfeasible (they can’t manage 1 million applications per week).”
> Considering that roughly 1 million tokens are presently generated every week, and that figure is expanding, we must reconsider the @coinbase listing procedure. This is a quality concern, yet evaluating each token individually is no longer feasible. Regulators must comprehend that applying for approval for each token is also…
Fund purveyors are also observing intently.
This annum has witnessed a surge in spot exchange-traded crypto funds, and they’re becoming increasingly specialized.
Funds for Cardano, Hedera, Litecoin, and a multitude of Solana and XRP funds are presently in the works.
DL News Berlin reporter Liam Kelly. Do you have a suggestion? Contact [email protected].
Brian Armor, director of North American passive strategy research at Morningstar, told the Financial Times: “Leadership changes are certainly beneficial for cryptocurrencies, but the SEC remains a regulator.”
Under the leadership of former SEC Chairman Gary Gensler, these requests would certainly not have been approved. But perhaps the industry’s optimism is gradually turning into a delusion. GameStop and Bitcoin: A Skeptical View from Experts
Issuers such as Tuttle Capital have jumped ahead, even submitting leveraged ETF applications for meme coins such as TRUMP, MELANIA and BONK.
