Trump Coin ETF Hits SEC: XRP, Solana & Litecoin in the Spotlight – What’s Cooking?

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The grand spectacle unfolds as the latest quirky attempt to parade around crypto projects born and bred in the good ol’ U.S. of A! Right after yesterday’s filing for the “American-Made Crypto ETF,” we’re treated to another headline-grabber. It’s like the wild west out here, but with blockchain and fancy suits. 🤠💸

The plan is as clear as day: create shiny, regulated investment vehicles around digital assets that are as American as apple pie. These are coins mined on American soil or operated right here at home! Alongside Trump Coin, we’ve got XRP, Solana, Litecoin, Algorand, and Chainlink – all proudly waving the Stars and Stripes. 🇺🇸✨

Political Winds at the SEC – Hold Onto Your Hats!

ETF creators are scrambling like squirrels at a peanut buffet, rushing to get their filings in while the SEC, under President Trump’s administration, is looking a little more lenient towards crypto products. What’s next? Analysts predict that by October, the SEC will make a decision on pending crypto funds, including Solana and XRP ETFs. Spoiler alert: there’s a good chance that Trump Coin ETF might not make it until 2026. So, sit tight, folks! 😅

Bloomberg’s Eric Balchunas says we’re heading into the “mad scientist phase” where “every combo imaginable” will be tested. Hold onto your wallets – active funds, even memecoin-only ETFs, could be lurking in the future. Welcome to the crypto circus! 🎪💥

ETF Rules – Do We Really Have to Follow Them?

The SEC’s approval process has become a battleground. Firms like Canary, VanEck, and 21Shares have been banging on the SEC’s door, begging them to reinstate the old “first-to-file” rule, which gave priority to the earliest bird. But oh no, the SEC wants to mix things up! These firms argue that if this change sticks, it’s going to hurt competition and slow down innovation in this turbocharged crypto ETF race. And who wants that? 🚀

Trump Media’s Crypto Deal Drama – Wait, What?

Here comes the real soap opera – the Trump Coin filing is happening while Trump Media & Technology Group gets side-eyed over its deal with Crypto.com. Initially, it was a whopping $6 billion for CRO tokens (nice try, folks), but on-chain sleuth ZachXBT says the numbers are… let’s just say, “inflated.” The truth? A mere $200 million in cash, with a side of discounted CRO tokens. The rest? Oh, just a little thing called credit lines and warrants. 🕵️‍♂️💰

ZachXBT isn’t done, though. He’s also throwing shade at Crypto.com for reissuing 70 billion Cronos tokens earlier this year – tokens that were “burned” in 2021. He called it supply manipulation and said CRO is “no different from a scam.” Ouch. 🔥💣

But, plot twist – despite all this drama, Trump Media continues to work with Crypto.com on Truth.Fi, a new brand trying to launch ETFs and crypto-linked products. Will it be a hit or a flop? Stay tuned! 🎬📉

What’s Cooking Next?

Now that Bitcoin and Ethereum ETFs are strutting their stuff on the U.S. markets, the push for single-asset funds tied to other tokens is gaining steam. Will the Trump Coin ETF actually get the green light in 2026? Who knows! The SEC will have to juggle political momentum, investor protection, and all the voices calling for a smoother approval process. And you thought your family dinner was chaotic. 😆🍽️

This article is just a dose of info, not financial advice. Coindoo.com doesn’t endorse any investment or crypto strategy. Always do your homework and talk to a financial expert before diving in. Trust us, your future self will thank you! 💼👀

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2025-08-27 09:59