Crypto news

SEC’s Hilarious Game of Crypto ETF Hide and Seek!

BBG News

Oh, what a jolly little dance the SEC is doing! Instead of giving a thumbs up or down to the XRP and Litecoin ETF filings before the May 26 deadline, they decided to play a delightful game of “let’s hear what you think!” 🎉 Yes, they opened the floor for public comments and counterarguments, because who doesn’t love a good debate?

Hold Your Horses! XRP and Litecoin ETF Decisions Delayed Until August

So, here we are, folks! The ETF filings for our beloved XRP and Litecoin were supposed to have their big moment on May 26. But instead of a grand finale, the SEC has opted for an encore—extending the review period! Bravo! 👏

Now, investors and industry participants can take a deep breath and ponder their thoughts a little longer. The next deadline for the Commission to respond is August 24. Mark your calendars, folks! 🗓️

SEC Plays It Safe Amidst Crypto ETF Pressure Cooker

These delays are a classic case of the SEC being as cautious as a cat on a hot tin roof! With the industry practically begging for approvals, the Commission is taking its sweet time, like a tortoise in a marathon. 🐢

CoinShares, a bigwig in the digital asset world, has filed to list its Litecoin ETF on Nasdaq, while also pushing for a similar product tied to XRP. But alas, both are stuck in limbo, waiting for the SEC to make up its mind. What a pickle! 🥒

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2025-05-23 04:41

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