Teucrium Investment Advisors LLC is set to revolutionize the cryptocurrency investment landscape with the launch of the first-ever leveraged XRP ETF in the United States. Approved by the Securities and Exchange Commission the Teucrium 2x Long Daily XRP ETF will start trading on NYSE Arca under the ticker XXRP this Tuesday.

The ETF aims to deliver twice the daily return of XRP by utilizing swap agreements and will vary in performance based on the cryptocurrency’s daily price movements. With a management fee of 1.89% this product is tailored for short-term active investors who are bullish on XRP’s prospects. Indices and ETPs in Europe will serve as benchmarks to set the swap prices given the absence of a spot XRP ETF in the U.S.

The debut of this leveraged ETF follows Teucrium’s history with crypto funds including a Bitcoin futures ETF launched last year and plans for a 2x Short Daily XRP ETF. This introduction signifies a growing acceptance and regulatory clarity for cryptocurrency ETFs in the market highlighted by the recent $50 million settlement between Ripple Labs and the SEC resolving their legal disputes.

Source

Last month, the Treasury lifted sanctions on Tornado Cash. In response, many rekindled their calls for the Trump administration to drop the charges against Keonne Rodriguez and William Lonergan Hill, the developers of Samourai Wallet who are currently being prosecuted in the Southern District of New York.

What many appear to have missed is that the Treasury’s sanctions reversal for Tornado Cash also revealed the Treasury’s stance on privacy services. And it isn’t looking good.

Tornado Cash’s removal from OFAC’s SDN list followed a lawsuit by Tornado Cash users in a Texas District Court case that has become known as Van Loon v. US Department of the Treasury, in which it was…

Read more on BitcoinMagazine

It is the prospect of the sovereign individual that seems to most trouble the nation-state today. This odd threat perception has been the outgrowth of a political genealogy that, in the generations since the American Revolution, has increasingly come to equate the state with society while constellating the individual as the enemy of both. This equation would have been profoundly disconcerting to the founders of the American republic, who called forth a new national project precisely to preclude the abuses of an entrenched and predatory overclass—an aristocracy—that deemed itself the rightful custodian, in perpetuity, of the fate and best interests of a people. The political…

Read more on BitcoinMagazine