The SEC’s review of the Franklin XRP ETF comes amid rising institutional confidence in XRP, underscoring its evolving market maturity and accelerating push for crypto-backed ETFs. SEC Reviewing Franklin XRP ETF Proposal as Confidence Grows in XRP Market Structure The U.S. Securities and Exchange Commission (SEC) announced on June 17 that it has initiated proceedings […] Source CryptoX Portal
The US Securities and Exchange Commission (SEC) has opened public comments for two proposed cryptocurrency exchange-traded funds, or ETFs, from asset manager Franklin Templeton to be listed on the Chicago Board Options BZX Exchange. In separate filings on Tuesday, the SEC said it was instituting proceedings that could allow the US exchange to list and trade shares of the Franklin XRP ETF and Franklin Solana ETF. The Cboe BZX Exchange filed for a proposed rule change with the SEC in March to allow for approval of the investment vehicle, which…
Coinbase is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch tokenized stock trading, a move that could expand its business into the territory of traditional brokerage firms. The crypto exchange’s chief legal officer, Paul Grewal, told Reuters that Coinbase aims to offer digital versions of stocks — known as tokenized equities — which would trade on blockchain networks rather than through conventional exchanges. The model could allow round-the-clock trading, reduce transaction costs and eliminate clearing intermediaries. However, the road ahead depends on how the SEC responds.…
Key Notes Ripple and the SEC have written a joint status report asking for an appeals abeyance status. This comes after the parties asked District Judge Analisa Torres to amend the final ruling. Both parties have agreed to move the court to dismiss the appeals if Judge Torres agrees to modify the final judgment. Ripple Labs and the United States Securities and Exchange Commission (SEC) have decided to hold off on appeals for now. To this end, they have written a joint status report to the United States Court of…
Crypto-native companies are ramping up efforts to influence regulatory guidance on digital asset transactions. On Monday, transfer agent Fairmint proposed a framework to the United States Securities and Exchange Commission’s (SEC’s) Crypto Task Force targeting what it described as outdated and fragmented back-end infrastructure in private securities administration. Submitted to SEC Chairman Paul Atkins and Commissioner Hester Peirce, Fairmint’s seven-part proposal targets standardizing infrastructure for interoperability across transfer agents, introducing real-time regulatory observability through blockchain and enabling investor self-custody with compliance safeguards. It also calls for a shift to knowledge-based…
Trump Media and Technology Group (TMTG), the company that owns US President Donald Trump’s Truth Social platform and is partially owned by the president, has received approval from the US Securities and Exchange Commission (SEC) for its registration statement tied to its $2.3 billion Bitcoin treasury deal. According to a June 13 SEC filing, the agency “declared effective” TMTG’s S-3 registration statement — filed on June 6 — for the Bitcoin (BTC) treasury deal. The S-3 is a form that US companies use to register the sale of various securities,…
Trump Media is unleashing a groundbreaking bitcoin treasury arsenal with SEC clearance, fueling an aggressive multi-billion-dollar expansion across fintech, media, and decentralized finance dominance. Trump Media’s Bitcoin Treasury Deal Turns Real as SEC Declares Filing Effective Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) announced June 13 that the U.S. Securities and Exchange […] Original
Fidelity Investments is officially seeking the green light to launch an exchange-traded fund (ETF) that would hold solana ( SOL) directly. S-1 in Play: Fidelity Takes Aim at Solana With ETF Proposal On June 13, 2025, the firm submitted its S-1 registration statement to the U.S. Securities and Exchange Commission (SEC). The proposed “Fidelity Solana […] Source BitcoincryptoexchangeExchanges CryptoX Portal
The US Securities and Exchange Commission (SEC) has announced several new hires, including those with experience in the cryptocurrency and blockchain industry. In a Friday notice, the SEC said Jamie Selway would join as the agency’s director of trading and markets. Selway worked as the global head of institutional markets for Blockchain.com from 2018 to 2019. Brian Daly, a partner at Akin Gump Strauss Hauer and Feld LLP with experience in crypto, will also join the commission, heading its investment management division. “I’ve long respected and appreciated the SEC’s commitment…
Ripple and the United States Securities and Exchange Commission (SEC) filed a joint motion on Thursday to release the $125 million in funds held in an escrow account to pay for settlement costs ordered by the court. According to the letter submitted by both parties, $50 million will be transferred to the SEC for the civil penalty against Ripple, with the remaining $75 million transferred back to Ripple, pending court approval. The filing attorneys wrote: “The parties’ proposed resolution will preserve the resources of the Second Circuit by avoiding the…