SEC’s XRP ETF Drama: Will It Fly or Flop? 🤔

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So, guess what? WisdomTree’s XRP ETF filing has decided to crash the SEC party, joining a whole basket of applications that the U.S. SEC is trying to figure out. 🎉

Yes, you heard it right! The Securities and Exchange Commission has given a nod to WisdomTree’s attempt to list and trade shares for an XRP trust. Because who doesn’t want more crypto in their life, right? 🙄

Now, hold onto your hats, folks! This acknowledgment kicks off a thrilling 21-day public comment period. That’s right, it’s your chance to tell the SEC how you really feel about this whole XRP ETF situation. Get your keyboards ready! 💻

Just a little reminder: comment periods officially open after the SEC decides to play nice and add a filing to the Federal Register. And guess what? A bunch of other XRP ETF filings have also decided to join the Federal Register fun. It’s like a crypto filing party over there! 🎈

In other news, institutional confidence in pitching more crypto ETFs has skyrocketed since President Donald Trump decided to make a comeback. Who knew a political shake-up could send crypto enthusiasts into a frenzy? 🤷‍♀️

And let’s not forget the SEC’s recent decision to hit pause on enforcement actions against Binance and Coinbase. It’s like they’re saying, “You guys are off the hook… for now.” Under acting chair Mark Uyeda, the SEC has even launched a Crypto Task Force. Because why not add more layers to this already complicated cake? 🎂

After all the public feedback on these XRP ETF filings, the SEC will finally decide whether to give it a thumbs up, a thumbs down, or just keep us all in suspense with a delay. Stay tuned, folks! 📺

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2025-02-20 02:08