SEC

Judge Analisa Torres has denied the joint request by #Ripple and the #SEC to end the $XRP case early.
Why?
Because the motion had procedural errors. It was filed under Rule 60 but didn’t meet the strict legal standards. The judge said it looked more like a “settlement request” than a proper legal motion.
Ripple wanted to reduce its $125 million penalty, and the SEC agreed — but the court said NO.
Both parties plan to refile correctly, but for now, the case continues.
This decision keeps the uncertainty alive for Ripple, $XRP , and the entire crypto industry.
Stay tuned — the battle isn’t over.

#CryptoNews $BTC $SAHARA

🟢 BREAKING:

Multiple insider sources confirm SEC may approve the Ethereum Spot ETF in 48 hours.

💥 ETH pumped 7% in 6 hours

📊 On-chain data shows whales accumulating fast

🧠 Analysts predict ETH > $4,200 if greenlit

This is your final warning. ETH ETF = Altcoin Explosion.

🔁 Share this if you're holding ETH before the rocket lifts off 🚀

#Ethereum #ETHETF #SEC #CryptoNews #AltSeason
$$ETH

Ripple, Inc. was denied an indicative ruling on the long-running lawsuit with the US Securities and Exchange Commission. Judge Analisa Torres denied the request, filed earlier this month.
The indicative ruling was supposed to end the lawsuit for good, while decreasing the $125M civil fine requested of Ripple. Analysts noted the main reason may be non-compliant or insufficient filings to trigger an indicative ruling.
The denial indicated that the sides did not meet the legal standards for indicative rulings or relief from judgment. Before the verdict, both the US SEC and Ripple were blocked from appeals while awaiting the court decision. 
Ripple and SEC continue to look for resolution
The next step for both sides is to renew appeals and move on to the Second Circuit Court of Appeals. The appeals are expected to start from August 15 onward. 
Ripple’s hopes of a fast resolution were also dashed. The company is still liable to pay $125M in fines, instead of just $50M.
A further limitation still does not allow XRP to be sold to institutions, becoming an obstacle to wider adoption. The decision arrives at a time when XRP is considered a suitable asset for ETFs, as well as for eventual altcoin corporate treasuries. Currently, XRP can be bought on the open market, but Ripple’s reserves may remain idle. 
Even the lack of an indicative ruling will not change the 2023 verdict about XRP’s security status. However, Ripple did not gain its request to dissolve the injunction against breaking security laws. The recent request also does not allow either of the parties to change the July 13, 2023, Summary Judgment Order.
Previous rulings did not detail the actions in case Ripple was denied the indicative ruling, as described in earlier court decision documents.
The lawsuit was seen as one of the last obstacles to wider XRP usage. For now, the official statement of the project’s founder, Brad Garlinghouse, is that the lawsuit against the SEC is over. The regulator has no additional requests to investigate the launch of XRP and Ripple’s activity. 
Since March 19, Ripple has been considered free of any additional concerns around the lawsuit. This was one of the main triggers for renewed filings for an eventual ETF. The recent verdict may also require additional procedures before the final indicative ruling. 
Ripple achieves growth despite the lawsuit obstacle
XRP remains one of the winners in 2025, getting a boost from November 6 onward. XRP already climbed from the long-term range of around $0.50 to a peak at $3.28 in January. 
Currently, XRP remains stable at around $2.19, though closely watched for accumulation and a renewed climb to a higher range. 
XRP saw a spike in whale-to-exchange transactions on June 26, in expectation of the indicative ruling. Overall, XRP has seen whale accumulation behind the scenes, with renewed expectations of breaking above $3. The lawsuit failed to become an immediate catalyst, but XRP retains its long-term support from its community.
RippleX is also expanding the project’s multi-chain capabilities and bids to join the DeFi space. It partnered with the Wormhole Bridge, one of the most widely used cross-chain services. Wormhole will serve for multi-chain transfers, servicing both the existing XRP Ledger and the new XRPL EVM sidechain, which will be Ethereum-compatible.
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#SEC  #ETF  #XRP  

🔹 A major shift may be coming to how crypto ETF investors redeem their holdings. SEC Commissioner Hester Peirce has suggested that in-kind redemptions – receiving assets like bitcoin directly instead of cash – are “definitely going to happen” at some point.

Goodbye Cash? ETFs May Soon Offer Redemptions in Crypto
Until now, the U.S. Securities and Exchange Commission (SEC) has enforced a cash-only system for spot bitcoin ETFs, requiring issuers to create and redeem shares in dollars. This rule was applied in January 2024, when the first wave of spot bitcoin ETFs was approved.
But change may be on the horizon.
Nasdaq recently submitted a proposal on behalf of BlackRock to allow in-kind creation and redemption of ETF shares – meaning directly in bitcoin instead of fiat. According to Peirce, such a system could cut costs, improve efficiency, and offer more flexibility to fund managers and investors.

What Would It Mean for Investors?
Peirce explained that this model would let investors receive their bitcoin directly and transfer it into private self-custody wallets, instead of redeeming in cash. This could appeal to those who want true ownership of crypto rather than just exposure through a fund.
Finance professor Vivian Fang from Indiana University illustrated the benefit with a metaphor:
“If you want your egg back, you get it. I don’t need to worry about what it’s worth at the moment – maybe $5, maybe $10 – but I have it set aside for you.”

In other words, investors could receive their actual BTC instead of needing to sell it on the market for cash.

SEC Remains Cautious – But the Door Is Open
Back in December 2023, the SEC instructed ETF issuers to remove any mention of in-kind redemptions from filings. But by the end of 2024, Peirce acknowledged that 2025 may bring this option into reality. While she refrained from making promises, she recognized the growing interest in this redemption method.
Currently, the SEC is reviewing Nasdaq’s Form 19b-4 that seeks a rule change allowing BlackRock’s ETF to operate with in-kind redemptions. Public comments have been invited as part of the standard review process.

BlackRock Leads the Charge, Others Join In
In April, a delegation led by BlackRock’s Head of Regulatory Affairs Benjamin Tecmire met with the SEC’s crypto team to discuss in-kind redemption frameworks.
Meanwhile, Cboe and VanEck also filed for approval to implement in-kind creation and redemption for their spot bitcoin ETFs.
Professor Fang noted that for individual investors, the difference may not be dramatic:
“Even in an in-kind model, investors can convert their bitcoin to cash through a broker. The real change is about efficiency and optionality.”

What’s Next?
In May, the SEC launched a formal review process under Section 19(b)(2)(B) of the Securities Exchange Act of 1934. A final decision hasn’t been made, but approval could come in the second half of 2025 – possibly introducing the first ETFs with crypto-based in-kind redemptions.
If approved, this change could significantly boost the efficiency of crypto ETFs and give investors more control over their digital assets.

#CryptoETF , #bitcoin , #SEC , #CryptoInnovation , #CryptoNews

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

A recent statement by Hester Pierce, one of the commissioners of the U.S. Securities and Exchange Commission (SEC), that repayment in kind for cryptocurrency exchange-traded funds (ETFs) "just around the corner" has attracted the attention of investors and analysts around the world. This statement fueled discussions around the possibilities and limitations that may arise when the rules for bitcoin ETFs, in particular, change.
What is repayment in kind?
Before delving into Pierce's comments, let's take a look at what "repayment in kind" means. In the context of ETFs, this means that investors can receive assets (such as bitcoins), rather than money, when withdrawing funds. In the case of cryptocurrencies, this would be a significant change from the current practice, when investors receive fiat money (for example, dollars) instead of bitcoins.
Companies like BlackRock have been lobbying for the SEC to allow in-kind repayment for their bitcoin ETFs for a long time. They believe that this will improve liquidity and allow for more efficient trading of such funds. At the moment, when an investor decides to withdraw their funds, the funds must buy bitcoins, sell them on the market and transfer the equivalent in fiat money.
Why is this important?
Allowing in-kind repayment will open up new opportunities for crypto ETFs. The current model, which requires the exchange of bitcoins for cash, limits the flexibility of funds and may create additional risks. Analysts such as James Seyfarth of Bloomberg Intelligence argue that this will allow funds to trade much more efficiently, as they will be able to directly manipulate assets rather than dealing with the intermediate steps of exchanging for money.
Why is the SEC delaying the decision for so long?
The main reason why the SEC has not yet allowed repayment in kind is due to concerns about the volatility of cryptocurrencies and the threat to investors. However, with the development of the market and increased interest from major players such as BlackRock, the SEC's attention is shifting towards changing approaches. Pierce confirmed that changes can be expected on the horizon, and this is likely to happen, but the timing remains uncertain.
How does this relate to the political situation?
Interestingly, the SEC's position on cryptocurrencies has changed with the arrival of new administrations. Under the Trump administration, the regulator was more loyal to cryptocurrency initiatives than under the Biden administration. After the change of government, companies seeking to create and launch cryptocurrency ETFs began to face more stringent requirements and questions from the SEC.
According to analysts, the likelihood that the SEC will approve such applications in the future is growing every year. Some experts even estimate the probability of approval of a crypto-ETF at 90% or higher.
What does this mean for cryptocurrencies?
If the SEC does allow in-kind repayment for crypto ETFs, it could be an important step in integrating cryptocurrencies into traditional financial markets. Investors will not only be able to buy and sell bitcoins through ETFs, but also be able to receive the cryptocurrency itself when withdrawing funds. This, in turn, can contribute to deeper liquidity and stability of the cryptocurrency market.
A question to ponder
However, one important question remains: What do you think is needed for the SEC to definitively resolve such a model, and how will this affect the future of cryptocurrency ETFs?
#SEC #CryptoNewss #ETFs #crypto

SEC’s Hester Peirce supports in-kind redemptions for crypto ETFs. 
In-kind redemptions align crypto ETFs with traditional funds. Move could reduce costs and improve tax efficiency for investors. Regulatory clarity and infrastructure advancements drive progress.Institutional adoption of crypto ETFs may increase with changes.
SEC Commissioner Hester Peirce announced that in-kind redemptions for crypto ETFs are nearing reality, aligning digital asset funds with traditional ETF frameworks. Speaking at a recent industry event, Peirce highlighted the potential for this shift to enhance efficiency in the crypto ETF market.
Progress Toward In-Kind Redemptions
Peirce emphasized that in-kind redemptions, where investors exchange ETF shares for underlying assets, could soon be implemented for crypto exchange-traded funds. This mechanism is standard in traditional ETFs but has been absent in crypto ETFs due to regulatory constraints.
The SEC has historically required cash redemptions for crypto ETFs, citing concerns over market manipulation and custody risks. Peirce noted that advancements in regulatory clarity and market infrastructure are paving the way for change. “We’re moving toward a structure where in-kind redemptions are feasible,” she said, signaling a more flexible approach.
This development follows the SEC’s approval of spot Bitcoin and Ethereum ETFs in 2024, which marked a milestone for crypto investment vehicles. In-kind redemptions could reduce costs and improve tax efficiency for investors, aligning crypto ETFs with traditional funds like those tracking equities or bonds.
Implications for Investors and Markets
In-kind redemptions could streamline operations for crypto ETF providers. By allowing direct exchange of assets, funds may lower transaction costs and enhance liquidity. Peirce suggested that this structure would make crypto ETFs more appealing to institutional investors, who value operational efficiency.
The move could also address tax concerns. Cash redemptions often trigger taxable events, whereas in-kind redemptions typically defer capital gains taxes. This benefit could attract more retail and institutional investors to the crypto ETF market.
Regulatory hurdles remain, including concerns over custody and market stability. The SEC continues to evaluate how digital assets fit into existing frameworks. Peirce acknowledged these challenges but expressed optimism about ongoing discussions with industry stakeholders.
Recent data from Bloomberg shows that spot Bitcoin ETFs have attracted over $20 billion in assets since their launch. In-kind redemptions could further boost adoption by aligning crypto ETFs with investor expectations for traditional funds.
The Commodity Futures Trading Commission (CFTC) has also weighed in, emphasizing the need for robust custody solutions. Collaborative efforts between the SEC, CFTC, and industry players are critical to implementing in-kind redemptions effectively

#CryptoETFs #InKindRedemptions #SEC #HesterPeirce #DigitalAssets

NYSE files to list Trump Media’s Bitcoin-Ethereum ETF with a 75:25 ratio.
Crypto.com to act as custodian and liquidity provider for the ETF. SEC review for the dual-asset ETF may take up to 240 days.Trump Media plans politically branded crypto products beyond ETFs.Bitcoin ETF market already holds $131 billion in assets.
The New York Stock Exchange has filed a rule change to list a Bitcoin-Ethereum ETF proposed by Trump Media & Technology Group. The filing, submitted on June 24, 2025, seeks to enable trading of the Truth Social Bitcoin and Ethereum ETF, a dual-asset fund holding 75% Bitcoin and 25% Ethereum. If approved, the ETF will provide investors with regulated exposure to the two largest cryptocurrencies without direct ownership.
Trump Media’s Crypto Ambitions Expand
Trump Media’s ETF targets a 75:25 Bitcoin-to-Ethereum ratio, with Crypto.com serving as custodian and liquidity provider. The fund, filed with the SEC last week, aims to track the price performance of both assets. This move follows Trump Media’s earlier filing for a standalone Bitcoin ETF on June 5, 2025. The SEC has until January 29, 2026, to decide on the Bitcoin-only ETF, while the dual-asset ETF’s review process could take up to 240 days.
The company plans to launch additional crypto products, including the America First Bitcoin Fund and America First Stablecoin Income Fund. However, only the Truth-branded ETFs have been formally submitted to the SEC. “The fund offers a fractional interest in Bitcoin and Ethereum assets,” the filing states, emphasizing regulated access to digital currencies.
NYSE Filing Signals Growing Crypto Integration
The NYSE’s 19b-4 filing marks a critical step toward ETF approval. It initiates a formal SEC review and opens the proposal for public comment. The ETF, under the ticker “BT,” will be managed by Yorkville America Digital, with Foris DAX Trust Company, a Crypto.com affiliate, handling custody. This filing follows Trump Media’s announcement to raise $2.3 billion for a Bitcoin treasury, though no purchases have been confirmed.
The crypto ETF market is competitive, with established players like BlackRock managing $131 billion in Bitcoin ETF assets. Trump Media’s entry leverages its political branding to attract retail investors. The fund’s structure avoids the complexities of direct crypto ownership, such as managing digital wallets. For further details on crypto ETFs, visit BlackRock’s iShares Bitcoin ETF page or explore Coinbase’s ETF resources.
#BitcoinEthereumETF #TrumpMedia #CryptoInvestment #NYSE #SEC

XRP approaches a critical turning point in the Ripple v. SEC case as a top lawyer dismisses delay fears, fueling optimism for a swift resolution and clearer crypto regulation.

XRP Braces for Imminent Court Decision as Lawyer Dismisses Ripple v SEC Delay Fears
Growing optimism surrounds the XRP legal saga as a legal expert clarified that fears of prolonged delays in the U.S. Securities and Exchange Commission (SEC) v. Ripple Labs over XRP are largely unfounded and unlikely to materialize. Lawyer Bill Morgan addressed recent social media discussions on June 22 after a user stated on X that the legal dispute between the securities watchdog and Ripple over XRP could extend into late 2026.
Morgan outlined why such projections do not align with the current legal trajectory, stating:
This is not on the cards unless Judge Torres rules against the latest joint motion and rather than make the common sense decision to live with the summary judgement decision and the current penalty and permanent injunction, the settlement process breaks down completely and both parties run their appeals. An improbable outcome.
Ripple and the SEC currently await District Judge Analisa Torres’ decision on their revised joint motion to settle the XRP lawsuit. The updated filing, submitted on June 12, seeks to reduce Ripple’s civil penalty from $125 million to $50 million and lift the injunction on institutional XRP sales, citing “exceptional circumstances” under Rule 60(b)(6) to correct procedural errors from their initial attempt in May. If the motion is denied, both parties may proceed with their respective appeals, potentially prolonging the case.
The legal expert highlighted that unless an unexpected judicial rejection of the latest motion occurs, the prospect of extended appeals is remote, reinforcing confidence in a more efficient resolution. The Ripple v. SEC case, ongoing since 2020, centers on whether Ripple’s sale of XRP tokens constitutes an unregistered securities offering.
Many in the crypto community see the developments as a step toward regulatory clarity for XRP. The market remains attentive, with growing confidence in Ripple’s strengthening position. Ripple CEO Brad Garlinghouse projects that XRP could capture 14% of SWIFT’s global cross-border payment volume within five years, highlighting the cryptocurrency’s role in liquidity over messaging.

#Binance #wendy #SEC #XRP $XRP

The U.S. Senate has taken another step toward establishing clear regulations for the cryptocurrency sector. Led by Senator Tim Scott, the Senate Banking Committee has released a set of core principles for the upcoming CLARITY Act, aimed at defining rules for digital assets, enhancing investor protections, and modernizing the approach of regulatory bodies.

💼 Aiming for a Clear Legal Framework

The newly released principles, published by the Subcommittee on Digital Assets, are intended to guide the development of the actual legislative text. A top priority for lawmakers is to clearly distinguish between digital asset securities and digital asset commodities, ensuring legal certainty across the crypto industry.

🧭 Dividing Responsibilities Among Agencies

One of the central elements is the division of regulatory authority between key institutions—primarily the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Instead of creating a new all-powerful regulator, the law would assign responsibilities based on asset types.

⚙️ Modernizing Rules for the Digital Era

The Senate also aims to update outdated financial rules to reflect technological advancements like blockchain. The SEC would gain new powers to oversee digital fundraising more flexibly, and registration requirements for crypto startups could be simplified.

🔒 Protecting Investors and Preventing Financial Crime

The upcoming law is expected to safeguard customer funds during crypto firm bankruptcies, impose new risk-management and registration requirements on centralized platforms, and establish clear anti-money laundering and sanction compliance rules for digital assets.

🚀 Encouraging Innovation and Crypto Access for Banks

The CLARITY Act will also push federal agencies to foster innovation by providing clear guidelines that confirm banks and financial institutions are permitted to engage in crypto-related activities.
A promising development is that the Federal Reserve has already taken the first step by removing the "reputational risk" factor that previously discouraged banks from working with crypto firms.

#Regulation , #SEC , #DigitalAssets , #Cryptolaw , #CryptoNews

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“