Bloomberg analysts have pointed out a key development in the latest meetings of SEC and ETF issuers ahead of the January approval deadlines.

While the SEC meeting memorandums did not have any specific change to the agenda, Seyffart highlighted that both the Division of Trading & Markets and the Division of Corporate Finance were present at each of these meetings.

He further explained that these two divisions have the authority to determine the approval or rejection of the 19b-4s and S-1s. Additionally, he suggests that while the final listing may not occur by January, it's highly likely that the approvals for the 19b-4s will be seen by this deadline.

Also Read: How BlackRock Is Opening Doors To Wall Street Banks For Indirect Asset Holdings

Why It Matters: Meanwhile, the SEC’s FY23 Agency financial report released in early November highlights that the Enforcement Division in 2024 will scrutinize activities involving crypto-assets amid the high volatility. It will also investigate the technological risks associated with the use of blockchain.

These factors highlight the SEC’s commitment to crypto regulation and potentially lay the foundation for continued enforcement activity.

Price Action: Ahead of Wednesday's final FOMC meeting of 2023, the global crypto market cap is up 0.58% to $1.57 trillion. Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are up 1.2% and 1.0% respectively in the past 24 hours.

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