LATEST NEWS : 🇺🇸 US GOVERNMENT JUST DEPOSIT $218,000 ETH T | anilsingta on Binance Square

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LATEST NEWS : 🇺🇸 US GOVERNMENT JUST DEPOSIT $218,000 ETH TO USA TOP EXCHANGE 
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JUST NOW : 1,000,000 $SOL TRANSFER FROM UNKNOWN WALLET TO UNKNOWN WALLET. WHALE ALLERT

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Solana ETF Launch Delayed Due to SEC Framework Review The SEC's Review and Market Reactions Key Points: Fidelity's Solana ETF hit regulatory delays; SEC requires further review. SEC expands framework scrutiny, delaying Solana ETF. Solana ETF delay impacts institutional interest and market strategies. The SEC's Review of Fidelity's Solana ETF Fidelity’s proposed Solana ETF, expected in 2025, encounters delays due to the SEC's postponement of their framework review in the U.S. The SEC's Review and Market Reactions The SEC has asked all applicants to submit amendments for their Solana ETF filings, influencing the timeline of Fidelity’s spot-based Solana ETF. Rising institutional demand has underscored the need for prompt SEC actions. The postponement affects market dynamics, with Solana being directly impacted; other cryptocurrencies like ETH and BTC are also observed. The REX-Osprey ETF success emphasizes the industry's willed progression despite regulatory uncertainties. Financial implications include potential market attention shifts towards approved crypto ETFs, with expectations for Solana to ignite similar surges seen historically with BTC and ETH ETF approvals. If approved, the Solana ETF could trigger significant price and volume shifts in related assets. The REX-Osprey’s approval under the 1940 Act presses the SEC to consider similar directions under the 1933 Securities Act. Experts foresee increased regulatory movements in this context.

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🚨BIG BREAKING : RIPPLE CEO TO TESTIFY AT SENATE HEARING ON CRYPTO LEGISLATION. Broader implications for XRP and digital asset markets. Ripple CEO to Testify at U.S. Senate on Crypto Regulation. Brad Garlinghouse, as Ripple's CEO, leads efforts toward regulatory clarity, emphasizing the CLARITY Act's potential benefits. Ripple has faced significant challenges with U.S. regulators about XRP's status. The hearing focuses on whether digital assets like XRP should be classified as securities or commodities, directly impacting entities like the SEC and CFTC. Major industry players such as Kristin Smith and Jonathan Levin are also involved. The imminent hearing bears significant implications for XRP and broader crypto markets. Garlinghouse has previously noted, "Constructive crypto market structure legislation in the US is imperative in bringing about a new era of innovation and financial opportunity, while protecting consumers." A clear regulatory framework is believed to reduce uncertainties that previously affected these markets. Historically, major congressional testimonies involving the crypto sector have influenced asset volatility and market sentiment. The anticipated clarity in regulation could benefit consumers and spark innovation, as implied by Garlinghouse's statements. Expert opinions stress the importance of addressing regulatory gaps to prevent further market disruptions and litigation. Past high-profile hearings triggered market volatility, which is anticipated for XRP and other digital assets. Official statements and market trends suggest potential for sweeping reforms in the U.S. digital asset framework. The expected outcomes could influence global approaches to crypto regulation, setting a precedent for how digital assets are governed. The testimony may lead to more stable regulatory environments for XRP and related tokens, influencing investor confidence and market dynamics. #Write2Earn!

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BITCOIN AND EITHER ETFS EXTEND INFLOW STREAK WITH $988 MILLION HAUL. BITCOIN EXCHANGE-TRADED FUNDS (ETFS) WRAPPED THE FIRST TRADING WEEK OF JULY WITH A NET INFLOW OF $769.60 MILLION, MARKING THEIR FOURTH CONSECUTIVE WEEK OF GAINS. ETHER ETFS ALSO HELD FIRM, EXTENDING THEIR GREEN STREAK TO EIGHT WEEKS WITH $219.19 MILLION IN NET INFLOWS. BITCOIN ETFS LOG $769 MILLION WEEKLY INFLOW AS INSTITUTIONAL MOMENTUM ROLLS INTO JULY

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