The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The XRP community is buzzing after US President Donald Trump shared Ripple-related content on the social media platform Truth Social. This comes at a time when institutional interest in the digital asset is rising, especially with the US Securities and Exchange Commission (SEC) formally acknowledging more applications for a spot XRP exchange-traded fund (ETF). Trump’s […]
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Bernstein analysts predict a "perfect storm" of political and regulatory support will drive U.S. stablecoin legislation forward this year.
Fiat functionality was paused in June 2023 after the SEC sued Binance.US, alleging violations of securities laws.
The U.S. SEC is asking the public to weigh in on whether the agency should approve options trading on a trio of spot Ethereum ETFs.
The SEC previously acknowledged spot XRP ETF filings from 21Shares and Grayscale, though not from Canary Capital and WisdomTree.
The Elon Musk-led Department of Government Efficiency (DOGE) is targeting the US Securities and Exchange Commission (SEC) in its efforts to reduce waste in government spending. In a Feb. 17 post on X, DOGE urged individuals with knowledge of inefficiencies or unethical behavior at the SEC to come forward. The agency specifically invited direct messages, […]
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Strategy made a profitability warning, particularly if there is a significant decrease in the market value of its bitcoin holdings.
Chief among the catalysts is the new Crypto Task Force’s focus on delivering a National Bitcoin Reserve, Bernstein said.
The SEC filed a motion Friday saying its new crypto task force could help it resolve its ongoing case against Coinbase.
The legal feud centers on whether digital assets should be classified as securities or are outside the agency's remit.
The US Securities and Exchange Commission (SEC) has officially acknowledged the receipt of Grayscale Investments’ 19b-4 filing to convert its XRP Trust into a spot exchange-traded fund (ETF). The agency’s confirmation—disclosed by Bloomberg ETF analyst James Seyffart on 14th February—signals the start of the formal review process that could ultimately decide whether the product is cleared for public listing. James Seyffart, who reported the news via his X account, stated: “There it is — The SEC just acknowledged Grayscale & NYSE’s 19b-4 filing to list an XRP ETF (this was mostly expected but officially means the clock will start soon for this and Dogecoin).” Why This Is An ‘Enormous Message’ For Ripple The SEC’s acknowledgment kicks off a regulatory timetable, opening a window for public commentary and multiple rounds of decision-making. The agency is expected to follow this step-by-step procedure to either approve, reject, or request additional information concerning the proposed XRP ETF. Related Reading: Pundit Sounds Major Crash Alarm For XRP Price As ’12-Year Cycle’ Comes To An End Although formal acknowledgment does not guarantee an approval further down the line, it underscores that the SEC is sufficiently engaged to put the filing on the official docket. Nate Geraci, President of the ETF Store and Co-Founder of the ETF Institute, underlined the significance of this action in the context of the SEC’s ongoing legal dispute with Ripple. He remarked: “SEC has acknowledged NYSE’s 19b-4 filing to list & trade Grayscale XRP ETF… Obviously a potentially huge statement re: SEC’s case vs Ripple.” Geraci further elaborated on what he perceives as a remarkable development: “Shocked more people aren’t talking about SEC accepting XRP ETF filing… They have open litigation w/ Ripple. Meanwhile, they just acknowledged filing of ETF holding asset in dispute (they easily could have rejected this filing). Enormous message IMO.” Related Reading: Massive XRP Accumulation – Whales Bought 520 Million XRP During Market Dip These statements highlight how the SEC’s willingness to initiate the review process—rather than dismissing it outright—could indicate the SEC’s openness to settle or drop the Ripple case which is currently at the Court of Appeals. Fox Business journalist Eleanor Terrett provided additional context on why the acknowledgment alone is noteworthy: “Because it means this SEC is being more open-minded and not flat out refusing to consider these products. Recall, exchanges pulled the SOL 19b-4 applications in December when the Gensler SEC signaled it would not engage with them. […] Next up, the SEC should acknowledge the XRP ETF applications from issuers that filed later than Grayscale — including Bitwise, 21Shares, Canary Funds, Wisdom Tree. The 240-day window for Grayscale’s approval starts when it gets posted to the federal register which should be in a couple of days from now.” Following the announcement, XRP’s price rose by over 5% in a relatively muted overall market. However, technical analysis of the XRP/USDT 4-hour chart indicates that as of press time, the token failed to break through a major resistance level. The rejection occurred at the 0.5 Fibonacci retracement (Fib) around $2.58. If buyers manage to push XRP above this threshold, the next critical resistance is near $2.77 (the 0.618 Fib). A sustained rally beyond that point could see the token retest its January 25 high at $3.40. Featured image created with DALL.E, chart from TradingView.com
The US Securities and Exchange Commission (SEC) has acknowledged Grayscale’s applications for spot Dogecoin (DOGE) and XRP exchange-traded funds (ETFs), according to two Feb. 13 filings by the financial regulator. This marks the first step in a regulatory review process that could determine whether these funds receive approval. Both ETFs aim to track the price […]
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Just when you thought the world of crypto and politics couldn’t get any more complex, Former SEC official a controversial figure in the crypto industry, is turning heads. This time, reports suggest he is aligning himself with Donald Trump’s crypto advisory board—an unexpected move given his past political leanings and regulatory stance. Hinman, who previously …
A Washington D.C. district judge has allowed Binance and the SEC to stay their legal dispute for the next 60 days.
The U.S. SEC has acknowledged Grayscale's proposals for an XRP and Dogecoin exchange-traded fund and is asking for public comments.
XRP has been forming a red bearish candle since the beginning of February, which is a result of a price crash that took place at the start of the month. Although THE ALTCOIN has since recovered slightly, it has yet to return to its January open. Nonetheless, the majority of crypto investors remain bullish on the long-term prospects for XRP, with analysts doubling down on optimistic price targets ranging from $2 to $5. However, a crypto analyst on the TradingView platform has presented a compelling bearish case for XRP, warning that the asset is nearing the end of a crucial 12-year cycle, which could trigger a severe correction down to $0.1. XRP’s 12-Year Cycle Nears Completion. Major Correction Ahead? According to the analyst, XRP has almost completed a 12-year cycle, and the conclusion of this phase is going to be a very intense correction of the XRP price. While acknowledging that XRP could still reach a slightly higher high before the full decline begins, the analyst believes that the probability of significant further upside is low and warns that a continued correction might occur over the coming months. Related Reading: XRP Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85 The warning is centered around technical indicators and technical patterns, particularly a long-term triangle pattern. This long-term triangle pattern persisted for five years between XRP’s all-time high of $3.40 in 2018 up until 2024, before breaking out into a final fifth wave. This final fifth wave has allegedly peaked at $3.40 in January 2025, and the next move from here is an extended move downwards. The analysis also references the Bullish/Bearish Reversal Bar Indicator by Skyrexio, which confirmed the conclusion of the 12-year cycle. Now, the proposed target for the correction is set around $0.1, based on the 0.5 Fibonacci retracement level. Contrasting Prediction As Majority Remain Bullish On The Altcoin’s Future At the time of writing, XRP is trading at $2.43, meaning that a correction to $0.1 would represent a 95% decline from its current level. Such a drop would not only erase nearly all of XRP’s gains since 2017 but would also mark one of the most devastating collapses in its history. Interestingly, this projected loss in XRP market cap would be even greater than the one witnessed during the years it was suppressed by the weight of the SEC lawsuit against its parent company Ripple. Related Reading: XRP Price Forms Bullish Flag On Daily Time Frame That Could Drive Price 45% To $2.9 This bearish prediction contrasts the overwhelmingly bullish sentiment currently surrounding XRP. Many analysts and investors expect extended price growth in anticipation of institutional adoption and regulatory clarity under the new Trump administration. One analyst even recently predicted that the XRP price is about to make an all-time high run to $5. Another analyst, Javon Marks, noted that XRP is well on track to reach over $100 in the coming years. Featured image from Medium, chart from Tradingview.com
The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are reportedly exploring a joint approach to regulating digital assets, Fox Business Journalist Eleanor Terret reported on Feb. 13. This initiative includes reviving the long-dormant CFTC-SEC Joint Advisory Committee (JAC), which once served as a bridge between the two agencies. Initially […]
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Peirce is spearheading the SEC’s newly-created Crypto Task Force.
Bloomberg Intelligence ETF analyst James Seyffart alluded to the filing being the first ETF to file with the SEC to allow for staking.
US Securities and Exchange Commission (SEC) Commissioner Hester Peirce has acknowledged that the financial regulator may not have the authority to regulate most memecoins. In a Feb. 11 Bloomberg interview, the financial regulator pointed out that current laws do not classify these tokens as securities, leaving a gap in oversight. According to her: “There are […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Peirce’s crypto task force at the SEC is working on classifying which tokens should be considered non-securities.
The regulator could reach a decision at the end of a 21 day comment period.
U.S. lawmakers are taking different approaches to regulating stablecoins and crypto — revealing political divides.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The newly launched crypto task force could help " facilitate the potential resolution of this case," the court filing said.
The US Securities and Exchange Commission (SEC) and Binance have jointly requested a 60-day suspension of their ongoing lawsuit, according to a Feb. 10 filing. Both parties explained that this decision was made because the SEC established a dedicated crypto task force under Acting Chair Mark Uyeda. According to the filing, the task force’s work […]
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BoE Gov. Andrew Bailey reflected on potential changes in the crypto regulatory environment globally, particularly following Trump's election.
The joint request was made in consideration of the SEC’s new crypto task force and its potential impact on the crypto regulatory landscape.