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Crypto firms urge SEC to avoid blanket bans on “novel” ETFs

Crypto industry participants, including venture capital firm a16z, urged the SEC to avoid a blanket restriction on “novel” ETFs and evaluate products based on individual risk parameters.

Crypto industry participants urged the US Securities and Exchange Commission (SEC) to avoid a blanket restriction on “novel” exchange-traded funds (ETFs) and instead evaluate products based on their individual risk parameters.Venture capital firm a16z asked the SEC to evaluate novel products accord…