SEC Stalls Spot XRP And Dogecoin ETFs—No Fast-Track For Crypto Yet

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Bitcoinist 18h ago

SEC Stalls Spot XRP And Dogecoin ETFs—No Fast-Track For Crypto Yet - Bitcoinist

Quick Summary:

The US Securities and Exchange Commission (SEC) has hit the brakes on four closely watched crypto‐exchange-traded product filings, instituting formal proceedings on spot XRP and Dogecoin exchange traded funds (ETFs) and extending its review of an Ethereum staking amendment.

Still think all will be approved,” he posted via X, cautioning that clarity from the Internal Revenue Service on the tax treatment of staking rewards inside grantor trusts remains an outstanding issue.

Early volumes were modest—roughly $1.5 million on debut—but analysts say the reference-rate infrastructure these futures require will be central to any surveillance-sharing agreements the SEC demands for spot products.