Here’s What Could Enhance the Odds for XRP ETF Approval
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The landscape for cryptocurrency regulations could see a significant shift in the near future.
Nate Geraci, President of the ETF Store, shared insights on the potential approval of XRP ETFs by the US SEC, suggesting that a Donald Trump victory in the upcoming election could boost their chances.
Trump has promised a more crypto-friendly approach, which Geraci believes would create a favorable environment compared to the current administration.
However, he cautioned that approval is not guaranteed, noting the absence of CME-traded futures for XRP, which has complicated the SEC’s past ETF decisions.
Additionally, the SEC would require a surveillance-sharing agreement to address market manipulation concerns, but many exchanges trading XRP remain unregulated.
Geraci stressed the need for Congress to establish clear guidelines on which crypto assets are classified as securities. Meanwhile, Ripple co-founder Chris Larsen supports Kamala Harris, citing her understanding of the innovation economy.
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