On Thursday, the Securities and Stock Exchange Committee (SEC) in the United States of America approved several requests ETFS on Litecoin, Ripple and Solana. Bloomberg Intelligence, Eric Balunas, described this step by the Supreme Education Council as a small step in changing driving.
ETF on Litecoin, Ripple, and Solana: SEC acknowledges different requests and their development
Yesterday, there was A lot of movement In the Securities and Stock Exchange Committee (second)) From the United States of America, which seems to have started to advance with ETF applications for Litecoin, Ripple and Solana.
In fact, these movements link the organizational authority A strict schedule for approval or rejection.
especially, SEC has admitted a GRAYSCAE request to release its box on the stock exchange on Solana and ETF on Litecoin. In the case of ETF for Grayscale on Sol, SEC is now until October to approve or reject the request.
It appears that the other special approval by the Supreme Education Council worries this Blackrock’s suggestion to allow creativity and loyalty to Ishares Bitcoin Etf.
With regard to ETF on Ripple (XRP), it looks like this CBOE Script 19B-4 Documents to narrate and trading future XRP boxes issued by BitWise, 21shares, Canary Capital and Wisdomtree.
All four exporters were presented by the S-1S, which is the first step to bring ETF to the market.
ETF on Litecoin, Ripple and Solana: The first step to show the change in driving
These movements were suspended in the ETF space on the cryptocurrencies by SEC by analysts.
particularly, Erik BalunasThe most prominent great ETF analyst in Bloomberg Intelligence, how The change in driving began to appear Even through the Supreme Education Council.
This is what Balunas said in a Position On x:
“It is great because it’s the first time that ETF is recognized for a coin that was previously called” Security “by SEC. Just six weeks ago, SEC, led by Genz, asked CBOE to pull Solana 19B-4. So we are now in a new area, even If it was only a small step, but apparently the direct result of the driving change.
Also yesterday, ashen He also presented her Request to SEC to include the shares of the Litecoin credit box as ETP on NYSE Arca.
Trump administration and the SEC encryption team
newly, USA The headlines are published for Reducing the size of the encryption bandIts unit specializing in enforcement of encrypted currency regulations.
To date, this business squad It consisted of more than 50 lawyers and employees, however, they would be reduced with the Trump administration.
The goal of this unit is to confront fraud and manipulation in the encryption market and protect investors.
It is clear that reducing its size, by the decision to appoint some lawyers to other departments, I raised questions about the future direction of the organization.
