Top Republican officials at the U.S. Securities and Exchange Commission are poised to begin overhauling the agency's cryptocurrency policies potentially as early as next week when President-elect Donald Trump takes power,

A crypto overhaul could be coming much sooner than anticipated, as reports say changes could be seen as early as next week.

Donald Trump’s new SEC leadership is set to begin an overhaul of crypto regulations as early as next week, Reuters reported..

A so-called form 19b-4, required to be filed by the exchange that would list the fund, was submitted on Wednesday, shortly after an updated registration application known as an S-1 was filed by Canary, a new digital asset-focused investment firm. The SEC must sign off on both before an ETF can start trading.

If the US SEC approves a spot Litecoin ETF, the move signals a potential expansion of the crypto ETF landscape beyond Bitcoin and Ethereum.

Canary Funds’ litecoin ETF filings were recently amended, potentially indicating that the SEC is engaging with the filing.