The SEC's denials of crypto products have historically relied on the agency's authority to deny proposed rule changes, said Goodwin partner Jeremy Senderowicz to Law360. Now that the SEC has made clear that it supports the introduction of many crypto ETPs, the adoption of generic listing standards is a way to continue to ease the path to market even after this administration ends, Senderowicz said. "What they're doing now by adopting the generic listing standards, they're basically taking their weapon off the table," he said. Even if policies shift in the future, it will be more difficult to reverse this step, according to Senderowicz. Once a listing rule for an exchange has been approved, it's unclear what mechanism the agency might use to try to force the exchange to repeal the rule down the line, he said. As for the standards themselves, Senderowicz said they appear to be "designed such that most of all the ones on file now are going to be able to qualify."