Update
SEC Clears Nasdaq ISE to List Options on ETPs Holding Digital Commodities
The U.S. Securities and Exchange Commission (SEC) has cleared Nasdaq ISE to list options on ETPs (Exchange-Traded Products) holding digital commodities. This development is part of the SEC's efforts to create two exemptions for raising capital without full registration under its proposed Regulation Crypto Assets. Richard Gabbert, Chief of Staff of the SEC's Crypto Task Force and Senior Advisor to the Chairman, has significant experience in regulatory matters, including his role as counsel to Commissioner Hester Peirce from 2018 to 2025 and his involvement in implementing Dodd-Frank's Title VII reforms. The SEC's move comes as market structure legislation remains stalled in the Senate.