NateGeraci,thePresidentofETFStore,hasputthespotlightonkeyelementsthatcouldswaytheU.S.SecuritiesandExchangeCommission(SEC)towardsapprovingapplicationsforXRPETFs.Variousassetmanagers,includingBitwiseandCanaryCapital,arevyingfortheSEC’snodtointroducetheseinvestmentvehiclesaimedatinstitutionalinvestors.
Contents
1WhatRoleDoesTrumpPlayinThisScenario?
2WhatChallengesRemainforApproval?
WhatRoleDoesTrumpPlayinThisScenario?
DuringaninterviewontheThinkingCryptopodcast,GeracisuggestedthatapotentialwinforDonaldTrumpintheupcomingpresidentialelectionscouldpositivelyimpacttheSEC’sdecision-makingregardingXRPETFs.HebelievesTrump’spushforamorecrypto-supportiveregulatoryenvironmentwouldlikelyenhancethechancesofapproval.
WhatChallengesRemainforApproval?
Despitetheoptimisticoutlook,GeraciwarnedthatTrump’selectiondoesnotassureautomaticapproval.ThelackofXRPfuturescontractstradingontheCMEisamajorhurdle,astheestablishmentoffuturesmarketshaspreviouslyfacilitatedtheapprovalprocessforBitcoinandEthereumETFs.
KeytakeawaysfromGeraci’sinsightsinclude:
Trump’spresidencymaycreateamorefavorableclimateforXRPETFapprovals.
TheabsenceoftradingforXRPfuturescontractspresentsasubstantialbarrier.
TheSECwilllikelyrequiremeasurestopreventmarketmanipulationpriortoanyapproval.
AclearregulatoryframeworkfromCongresscouldbenefitthecryptoindustryasawhole.
ThepathtoSECapprovalforXRPETFsisfraughtwithcomplexities,heavilyinfluencedbyregulatoryconditionsandpoliticaldynamics.Investorsareadvisedtostayvigilantregardingshiftsinpoliciesandemerginglegislativeframeworks.
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