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.
Cardano (ADA) could gain an upper hand over Solana (SOL) under certain conditions, according to analyst AM_Panic.
Bitcoin and other cryptocurrencies are facing significant downturns. Despite Donald Trump’s plans to build a Bitcoin reserve, Bitcoin (BTC) has struggled to make gains, remaining around the $80,000 mark.
The US Securities and Exchange Commission (SEC) has extended its timeline to decide on several cryptocurrency exchange-traded funds (ETFs), including those tied to XRP, Solana, Litecoin, and Dogecoin.
Financial giant Franklin Templeton, managing a staggering $1.53 trillion in assets, has officially entered the race to launch an XRP exchange-traded fund (ETF).