SEC

Listen, the SEC is having a hot season again — they have started a public discussion of applications for the creation of ETFs related to cryptocurrencies XRP and Solana. Behind this is Franklin Templeton, a large investment company that wants to launch two cryptocurrency exchange—traded funds: the Franklin XRP ETF and the Franklin Solana ETF.
What's happening? It all started back in March, when the Chicago Board Options Exchange (Cboe BZX) submitted a request to launch these products. The SEC first took a break in April, and now it has officially announced the launch of a public comment period. This means that they are not making a decision yet, but simply collecting opinions and comments — and have given themselves another 35 days to think, until the end of July. But this is not the limit either — they can extend it again.
Why is this important? Because just recently, the SEC has already approved spot ETFs for bitcoin and ether, and now companies have rushed to apply for funds related to other crypto assets. Those who will be the first with XRP or Solana will get a big advantage. Therefore, other major players such as Bitwise, ProShares and 21Shares joined the game. They all feel that the moment is right.
There is one more nuance — the current leadership of the SEC, led by Paul Atkins (appointed by the Trump administration), is known for a more loyal attitude towards digital assets. This creates the prerequisites for a shift in regulation towards greater acceptance of cryptocurrencies at the institutional level.
But despite these positive signals, the fate of the XRP and Solana ETFs is not yet clear. The SEC may approve, delay, or even refuse altogether — especially considering that the status of these tokens is still controversial from a legal point of view.
And here's the question — do you think the SEC will continue to be cautious with crypto, or will it finally decide to give the green light to new ETFs?
#SEC #CryptoNewss #ETFs #SolanaETF

Mark Feigl Says Ripple and SEC Are Moving to Modify Court’s Relief Order in Recent Motion
According to a recent X post by former SEC attorney Mark Feigl, Ripple and the SEC are seeking to modify the court’s order in the $XRP case.
Counsel noted that both parties envision increased relief through their joint motion for a directed verdict. He adds that while the court has paved the way for a settlement in the Ripple v. SEC case, the parties are causing the delay themselves.


Intent to Modify Relief in XRP Litigation
In a recent X post, former SEC attorney Mark Feigl offered valuable insight into the long-running $XRP case, revealing both parties’ intent to seek a relief modification. Specifically, Ripple and the SEC aim to revise the court-ordered remedy.

Recently, both parties filed for an indicative judgment in the Ripple v. SEC case, despite the court’s initial dismissal. And later, Ripple filed a supplemental letter to further promote the motion, emphasizing that dissolving the injunction would not exempt them from securities laws.
They would be required to follow the law regardless of the injunction. The proposed settlement, which includes a reduced fine, takes into account the risks of an appeal and would eliminate a lengthy litigation.
By granting an indicative ruling, Ripple would be placed on the same footing as other crypto firms whose cases have been dismissed by the SEC at its discretion.
According to Feigel, the court has already ruled on the matter, holding Ripple liable for hundreds of millions of dollars in unregistered XRP sales, which were classified as securities.
As a result, the judge imposed a $125 million fine and barred them from future violations. However, both Ripple and the SEC are now prolonging the case with the intention of amending the ruling.
Specifically, his thread comes in response to an X user's question about Judge Annalisa Torres' decision, where he questions why the case wasn't wrapped up sooner. Reacting to the question, Feigl wrote,
She did. She found Ripple illegally raised hundreds of millions of dollars from unregistered securities sales, penalized them $125m, and enjoined them from further violations. But now the SEC and Ripple are trying to get her to change the remedies she ordered.

Is the SEC responsible for the delay in the Replea case?
Further, while addressing doubts over the SEC's role in the delay in the Ripple case, Feigel asserted that the commission is not dragging out the case. Recently, $XRP attorney Bill Morgan also suggested that Ripple, rather than the SEC, is to blame for the delay in legal action. Morgan said,
Rather than cause the delay the SEC is actually bending over backwards to help ripple have the injunction dissolved. Ripple and the SEC would have settled months ago but for Ripple wanting to dissolve injunction.

Meanwhile, Feigel pointed out that the allegations were made in previous leadership during the Trump/Clayton era, long before Gary Gensler took office. He added that the case is now pending for a court decision. read his statement,
The charges were brought under Trump/Clayton, long before Gensler was appointed. And the SEC isn’t dragging anything out; the matter is before a judge for decision.

The SEC's appeal changed Ripple's stance.
XRP attorney Bill Morgan has been a vocal advocate and commentator in the Ripple v. SEC case since the case began. In his recent tweet, he shared insight into the SEC's new approach that led to the current developments in the Ripple case.
The statement follows Bill Morgan's recent prediction that the Ripple v. SEC case could be settled within weeks if the judge grants the joint motion.
Morgan believes that the SEC’s appeal changed everything in the XRP case. Without an appeal, Ripple could have accepted the court's decision. He said,
The SEC’s new policy towards enforcement has encouraged Ripple to seek more than it would have been satisfied with or lived with before the SEC filed its appeal.
#Xrp🔥🔥 #Ripple #SEC #Market_Update #MarketSentimentToday

📰✨ BREAKING: On June 17, the #Ripple filed a strategic petition to Judge Analisa Torres, aiming to close the case without further legal confrontation - and this could be HISTORICAL ❗
💰 WHAT IS HAPPENING ❓
FINE CUT IN HALF 📉
Reduction from $125M to just $50M
Agreement already reached with the SEC!
GENIUS STRATEGY 🧠
Align situation with other crypto players (Kraken, Coinbase, Consensys)
Same treatment for all!
🔥 WHY THIS IS REVOLUTIONARY
1. END OF THE ORDEAL ⚖️
5 YEARS of legal battle coming to an end
Decision may come out this summer
2. HISTORICAL PRECEDENT 📜
Defines the future of cryptos vs regulators
Other projects benefit
3. IMPACT ON PRICE 🚀
Favorable decision could trigger explosion of #Xrp🔥🔥
Market already reacting positively
⏰ CRITICAL TIMELINE
✅ By August 15: Deadline for decision
✅ If approved: Case closes in weeks
❌ If denied: Goes back to appeals court
🎯 POSSIBLE SCENARIOS:
BULL SCENARIO 🟢
Judge approves → Fine reduced → XRP 🚀
Favorable precedent for the entire crypto market
BEAR SCENARIO 🔴
Rejection → Case continues → More uncertainty
💡 TECHNICAL ANALYSIS
Specialist lawyer confirms: "This could be enough to change things"
Clear strategy: Equate Ripple to cases the SEC has already dropped
🚨 MARKET IMPACT
⪼ This decision does not only affect XRP - IT DEFINES THE FUTURE of how regulators will treat blockchain!
⪼ For XRP holders: Moment of maximum attention
For the market: Precedent that could unlock trillions
🔮 FORECAST: If approved, XRP could be one of the biggest opportunities of 2025 ❕
💬 What do you think ❓ Will Ripple finally be able to close this saga ❔
⚠️ Reminder: This is not financial advice. Always do your own research before investing in any crypto project
#SEC #CryptoNewss #CryptoNews🚀🔥

$XRP

Sol Strategies, a Solana treasury firm, has filed a Form 40-F with the US SEC, seeking approval to list on Nasdaq under the ticker STKE.
Canada-based Solana treasury firm - $SOL Strategies - has recently applied for Nasdaq listing with the US Securities and Exchange Commission (SEC).
The stock price of Sol Strategies, trading on the Canadian Securities Exchange under the ticker HODL, rose more than 4.2%, trading at $2.38. Currently, the firm already has 420,000 SOL in treasury, which is valued at $63 million at the current SOL price.


Solana Treasury Firm Eyes NASDAQ Listing
Sol Strategies filed Form 40-F with the US SEC on Wednesday, seeking regulatory approval from the securities regulator to trade under the ticker STKE on the Nasdaq exchange.

Listing on Nasdaq platform will give the company more visibility among global investors. In the future, the company may take a micro-strategy route with equity dilution and bond issuance, and divert the funds raised into acquiring more Solana (SOL).
A recent report from Cantor Fitzgerald suggested that corporates would be more interested in building a Solana treasury than a Bitcoin treasury or an Ethereum treasury.
This is because, with exposure to Solana, these firms have the opportunity to gain additional output through stacking.
Sol Strategies is actively growing its Solana ( $SOL ) holdings as part of a broader strategy to build its Solana treasury reserves.
Last month, on May 27, the company announced that it had submitted a prospectus to Canadian regulators, paving the way for a potential $1 billion holding stock issuance to further invest in the Solana ecosystem. In early April, Sol Strategies raised $500 million in convertible notes, which it used to purchase and stake SOL tokens.
Increased corporate rush for SOL
With the crypto regulatory environment becoming more favorable under the $TRUMP administration, more and more corporations are facilitating exposure to alternative asset classes, including Solana.
Earlier this month, Nasdaq-listed Class Over Holdings announced plans to raise $500 million to build its Solana Treasury. The ad tech firm has already signed a convertible note financing agreement to raise the funds.
Earlier this week, Hong Kong-based MemeStrategy became the first publicly listed company to announce a Solana reserve plan. The firm acquired 2,440 Solana (SOL) tokens for an investment of HKD 2.9 million. Spot Solana ETFs have struggled to improve in the recent rush market.

#SEC #solana #sol #Market_Update #NASDAQ

The SEC sat down with JPMorgan to explore bold crypto regulations that promise to overhaul capital markets, streamline clearing, and reshape the future of global finance.

Crypto Regulation Frameworks in Focus as SEC and JPMorgan Hold Talks
The U.S. Securities and Exchange Commission (SEC) has published a memorandum of the Crypto Task Force meeting log revealing that on June 17, the Crypto Task Force Staff met with representatives from JPMorgan Chase & Co. The meeting focused on examining potential regulatory frameworks for crypto assets and assessing how traditional financial markets could evolve as blockchain technology advances. The SEC memorandum outlined the key subject of the meeting:
The topic discussed was approaches to addressing issues related to regulation of crypto assets.
JPMorgan’s delegation included Scott Lucas, managing director and head of markets digital assets; Justin Cohen, managing director and global head of EDG & SI product development; and Aaron Iovine, executive director and global head of digital assets regulatory policy. They delivered a detailed overview of the bank’s growing digital asset business, describing activities such as repo transactions facilitated through JPMorgan’s proprietary digital financing platforms and services in the digital debt markets. The discussion also addressed the firm’s evolving competitive position as blockchain-based solutions gain momentum, noting that increasing adoption could reshape client relationships, alter traditional revenue streams, and drive market structure changes across financial services.
A major segment of the meeting examined how capital markets activity could shift toward public blockchain infrastructure. The SEC memorandum highlighted this focus:
Area of analysis reviewing the potential impact of existing capital markets activity migrating to public blockchain. Specifically what areas of the existing model might change, and how firms could assess the risk and benefits of those changes.
JPMorgan representatives explored how functions such as clearing, settlement, collateral management, and counterparty exposure could be reengineered through decentralized platforms, potentially lowering costs, enhancing transparency, and changing systemic risk profiles. They also outlined potential frameworks for firms to evaluate both strategic opportunities and emerging regulatory, operational, and technological risks. Both sides agreed to continue discussions, recognizing the importance of proactive engagement as the regulatory environment evolves alongside rapid innovation in digital assets.
Over the past few months, the SEC’s newly formed Crypto Task Force—led by Commissioner Hester Peirce—has ramped up engagement with the crypto industry by hosting a five-part roundtable series that concluded on June 9. These sessions covered tokenization, trading, custody, DeFi, and the evolving interplay between traditional finance and blockchain. The Task Force also met with major players like Fidelity, Blackrock, Nasdaq, and others to discuss crypto frameworks. This marks a clear break from prior “enforcement-first” approaches, signaling the SEC’s intent to craft structured rules through formal notice-and-comment processes, aiming for clarity, investor protection, and industry innovation.

#Binance #wendy #SEC $BTC $ETH $BNB

Ripple and the SEC have requested to pause their appeals while awaiting a decision that could finalize their settlement and conclude the prolonged case regarding XRP sales.

SEC and Ripple Align on Pausing Appeals Pending Court Decision on XRP Case
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs informed the U.S. Court of Appeals for the Second Circuit on June 16 that they are jointly seeking to keep their appeals on hold while awaiting a district court decision that could lead to a resolution of the litigation over the sale of XRP.
In a status report filed by SEC appellate counsel Ezekiel L. Hill, the agency noted that both parties agreed to maintain the pause in appellate proceedings. This filing follows the court’s April 16 order, which had required the SEC to submit an update within 60 days after both parties disclosed they had reached a settlement agreement in principle, subject to Commission approval and district court modification of the final judgment. The SEC’s June 16 filing states:
The parties are in agreement that this Court should continue to hold the appeals in abeyance, with the Commission to file a status report by August 15, 2025.
On May 8, following internal approval, the SEC and Ripple executed a settlement agreement contingent on the district court modifying the final judgment in the long-running XRP case. Under the terms, Ripple would pay $50 million to the SEC out of a $125,035,150 civil penalty, with the remainder returned to the company, and the injunction against Ripple would be dissolved.
That same day, the parties jointly moved the district court for an indicative ruling on whether it would grant these modifications. The district court denied the motion on May 15, citing the failure to establish “exceptional circumstances” required under Federal Rule of Civil Procedure 60(b). The parties renewed their motion on June 12 with arguments intended to meet that legal threshold as they fight to end the case over XRP.
The SEC’s status report explains that the renewed motion remains pending before the district court. The regulator stated that, depending on the outcome, it and Ripple would seek a limited remand from the appellate court to obtain the requested relief. If the district court grants the modifications and the final judgment is revised, both sides would move to dismiss their respective appeal and cross-appeal. Until then, both parties have agreed that the appeals should remain in abeyance. The next update to the court is due by Aug. 15, 2025.

#Binance #wendy #SEC #XRP $XRP