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#XRPETFs ProShares Gets SEC Greenlight for Three XRP ETFs The funds will track prices of XRP-based futures and offer traders a way to make money on longs and shorts. What to know: ProShares is set to launch three new XRP-tracked ETFs following tacit approval from the SEC. The new ETFs include an Ultra XRP ETFs, a Short XRP ETFs, and an Ultra Short XRP ETFs. This development follows the conclusion of Ripple's legal battle with the SEC, clearing regulatory hurdles for XRP. Exchange-traded funds (ETF) issuer ProShares will introduce three XRP-tracked products this week after a tacit U.S. Securities and Exchange Commission (SEC) approval. 0 of 45 minutes, 0 It will launch an Ultra XRP ETF (2x leverage), a Short XRP ETF and an Ultra Short XRP ETF (-2x leverage), filings show. No movement has been made on its spot XRP ETF, however. Meanwhile, the SEC has acknowledged several XRP spot ETF applications so far, with fund manager Grayscale’s filing facing a critical May 22 deadline. ProShares’ approvals come weeks after Teucrium’s 2x XRP ETF started trading earlier this month, becoming the first XRP ETF in the U.S. It racked over $5 million in trading volumes on the first day, becoming the firm’s “most successful” launch to date. Last week, the CME Group added XRP futures to its largest derivatives exchange in the U.S. for launch next month, alongside BTC, ETH, and SOL products. The flurry of ETFs tracking XRP comes after closely related company Ripple’s long-standing court battle against the SEC, which was fully concluded in March, clearing extensive regulatory headwinds for the tokens.

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#TrumpTaxCuts Here’s What Happens if Trump Tax Cuts Aren’t Extended What would “screw America” is failing to act. A new report from the Council of Economic Advisers shows that extending the Trump Tax Cuts will deliver needed relief to Americans after years of unending Bidenflation: Real wages will go up by as much as $3,300/year. Take-home pay for median-income households will increase by as much as $5,000/year. Short-run real GDP will be boosted by 3.3-3.8% and long-run real GDP by 2.6-3.2%. Save 4.1 million jobs from being destroyed. Distressed communities will see as much as $100 billion in investment. If Congress doesn’t extend the Trump Tax Cuts, Americans will be stuck with the largest tax hike in history: The average taxpayer will see a 22% tax hike ($4 trillion). The average family of four will see a $1,700 tax hike. The Child Tax Credit will be cut in half for 40 million families. Nearly every taxpayer will see their guaranteed deduction slashed in half. 26 million small businesses will be saddled with a massive tax increase. Even liberal economists admit “all income groups would get a tax cut.” President Trump is calling on Congress to immediately “pass the one, big, beautiful bill” and unleash a soaring economy, surging jobs market, manufacturing boom, and prosperity like never before. It’s time to get it done.

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