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With spot crypto ETFs gaining momentum, many expect the upcoming US election to influence their approval.
The Securities and Exchange Commission’s recent appeal of the court ruling in its case against Ripple Labs could also hinder those types of funds getting the regulatory green light.
Investment firm Bitwise on Tuesday filed for an ETF that would hold Ripple (XRP) directly. Canary Capital appeared to file for a similar product, according to the Delaware corporation website.
Read more: Bitwise files SEC paperwork to launch spot XRP ETF
The digital asset that powers the XRP Ledger public blockchain, XRP helps facilitate cross-border payments and remittances, Bitwise…
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In his take from this Monday, Nikolaus argued that Donald Trump is heavily pro-Bitcoin. I beg to differ.
Yes, Trump is providing lip service to Bitcoiners, which is more than we can say of Kamala Harris. The fact that he spoke at the Bitcoin conference is certainly interesting, and at least indicates that he’s aware of the “crypto voter” as a potential voting block. And yes, Trump did show up at PubKey, which was a fun little stunt— though he…
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Hold your horses, the battle between the Securities and Exchange Commission and Ripple isn’t quite over yet.
Yesterday, the SEC filed to appeal the $125 million judgment in its case against Ripple.
The case, which is now as old as a human toddler — with its four-year anniversary coming up in December — has been a long and hard-fought court case between the two parties.
Both the SEC and Ripple had until Oct. 7 to decide if they were going to pursue an appeal.
An SEC spokesperson told Blockworks that it filed the appeal because it believes the decision “conflicts with decades of Supreme Court precedent and securities laws.”
Read more: SEC’s enforcement director announces…
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Follow Frank on X.
Last night, I had the distinct pleasure of having an in-depth conversation with Jeff Booth, who I often refer to as the Eckhart Tolle of Bitcoin.
Booth, soft-spoken yet direct, harped on one point in particular in the conversation that, while at first I didn’t grasp, ended up resonating deeply with me.
He said multiple times “We are Bitcoin” in efforts to drive home the point that Bitcoin will continue to work if we continue to make it…
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Nothing stops this train.
No, I’m not talking about the Federal Reserve money printer, I’m talking about the string of ETF announcements from Wall Street and the related crypto firms servicing it this week.
I’m talking about today’s hybrid Ethereum-Bitcoin ETF, yesterday’s XRP ETF, and what will likely be 2025’s basket memecoin ETF offering exposure to everything from PEPE to GIGA to HarryPotterObamaSonic10Inu.
If you’re takeaway from the arguably dismal ETH ETF launch is that there won’t be more crypto ETFs, I’m sorry but you’re looking past the $1…
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