Cboe BZX Exchange has filed four separate applications to the U.S. Securities and Exchange Commission (SEC) to list spot XRP exchange-traded funds (ETFs). Asset managers WisdomTree, Bitwise, 21Shares, and Canary Capital are seeking to launch the first U.S.-based spot XRP ETFs. The move comes despite XRP’s 25% price decline in
The U.S. Securities and Exchange Commission (SEC) is reducing its crypto enforcement unit. This move aligns with President Donald Trump’s promise to ease regulations and boost digital asset growth. The agency has reassigned over 50 lawyers and staff members to other departments, with reports labeling some shifts as unfair demotions.
The crypto community is combating the recent market crash with a positive face, as tokens attempt recovery. However, the sector itself has not remained dormant. Over the past few weeks, NFT projects, DeFi, AI, and regulatory spaces have shown increased activity. In the past day, the SEC made several announcements.
The Securities and Exchange Commission (SEC) of Thailand plans to launch a distributed ledger technology (DLT)-based platform for trading tokenized securities. This move aims to enhance capital market efficiency and attract more investors. According to the Bangkok Post, the platform will allow securities firms to trade digital tokens, capitalizing on
Canadian asset manager Purpose Investments has filed a preliminary prospectus with regulators to launch the world’s first-ever spot XRP exchange-traded fund (ETF). If approved, the Purpose Ripple ETF would provide investors a regulated and transparent way to gain exposure to XRP, a cryptocurrency widely used in cross-border payments. With over
The Securities and Exchange Commission has approved the Bitwise Bitcoin and Ethereum ETF (Exchange Traded Fund) which allows investors to gain exposure to both assets in a single-regulated product. The approval of the fund’s 19b-4 filling for the Assets Management Firm is a first step before it launches, then SEC
Grayscale Investments has filed with the New York Stock Exchange (NYSE) to convert its existing XRP Trust into a spot exchange-traded fund (ETF). The move aims to provide investors with direct exposure to XRP without holding the cryptocurrency. The Trust currently manages $16.1 million in XRP assets. According to the
A week and a half into Trump’s presidency, significant things are occurring in AI and cryptocurrency. These moves demonstrate a strong drive to integrate digital assets into the mainstream financial sector, which might spur the crypto market in the next few years. Trump issued executive orders to foster the development
The US SEC reviewed Canary Litecoin ETF filing earlier today. It opens a public comment period on the filing for a period of 21 days from the date of publication in the Federal Register. The crypto community is optimistic that the Litecoin ETF will get approval from the SEC. Investors
The Sonic founder exposes SEC harassment behind his 2022 DeFi departure. In a recent blog post on Medium, Andre Cronje, founder of Sonic revealed the shocking truth about SEC. Andre Cronje says that back in 2021 SEC used to harass him and repeatedly scare him by sending threatening letters. Because
