Section 19b4

Definition ∞ Section 19b4 is a specific provision within the United States Securities Exchange Act of 1934 that governs proposed rule changes by self-regulatory organizations, such as national stock exchanges. It outlines the process for filing and gaining approval from the Securities and Exchange Commission for such changes. This section is critical for listing new financial products.
Context ∞ In crypto news, Section 19b4 is prominently discussed in relation to the approval of spot Bitcoin Exchange Traded Products (ETPs) by the SEC. Exchange applications to list these products require a 19b4 filing, initiating a review period by the commission. The SEC’s decisions under this section are closely watched as they determine the availability of regulated crypto investment vehicles.