The Securities and Exchange Commission (SEC) is reviewing a proposed rule change submitted by The Nasdaq Stock Market LLC. This proposed rule, initially filed on February 18, 2025, is about adopting Nasdaq Rule 5712 to allow the listing and trading of commodity- and digital asset-based investment interests, along with the listing and trading of shares of the Hashdex Nasdaq Crypto Index US ETF. On February 27, 2025, the proposed rule was amended to replace the original filing, and it was published for public comment on March 7, 2025. The SEC has decided to extend the review period until June 5, 2025, to allow more time to consider the rule change.
Simple Explanation
The SEC is taking more time to think about a new rule that would let people buy and sell special types of stocks related to things like Bitcoin. This extra time will help them be sure they're making the right choice.