Crypto firms Grayscale, a16z, and the Crypto Council for Innovation urge the SEC to avoid blanket changes that would treat funds holding non-securities as investment companies, urging a product-by-product assessment and support for streamlined review processes; they also back confidential pre-filing and oppose expanding the Investment Company Act to cover novel ETFs. Meanwhile, Better Markets argues that certain event-contract or sports/election-focused ETFs amount to gambling and should not be...
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