DeFI News by Thebittimes.Com

Summary ⚈ SEC delays decision on Franklin Templeton’s XRP spot ETF to June 17, 2025, for further review and public input. ⚈ Analysts say the delay is procedural, similar to earlier Bitcoin and Ethereum ETF timelines. ⚈ U.S. approval could boost institutional interest in XRP, which remains below $3. The United States Securities and Exchange Commission (SEC) has extended its timeline for ruling on Franklin Templeton’s proposed spot XRP exchange-traded fund (ETF). The new decision date has been set for June 17, 2025, for the application submitted by the Cboe BZX Exchange on March 13, 2025, as confirmed in a regulatory filing on April 29. According to the application, the Cboe BZX Exchange seeks to list and trade shares of the Franklin XRP Fund under the commodity-based trust shares category. The SEC’s delay was reportedly driven by the need for more time to review the proposed rule change, as permitted under Section 19(b)(2) of the Securities Ex...

SEC Chairman Gary Gensler’s recent crypto warning s coincide with major asset managers filing for Bitcoin ETF approval, signaling regulatory scrutiny. SEC Chairman Gary Gensler recently delivered a series of warnings through a Twitter thread, urging potential investors in crypto assets to be mindful of the risks and regulatory landscape. In his thread, Gensler stated, “Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws.” He emphasized that investors in crypto asset securities might be deprived of key information and essential protections. A thread Some things to keep in mind if you're considering investing in crypto assets: — Gary Gensler (@GaryGensler) January 8, 2024 While Gensler’s thread did not explicitly address the pending Bitcoin ETF proposals, its timing raised eyebrows in the crypto community. This came just hours after major asset managers, including BlackRock,...