XRP News Today: SEC Moves to Streamline Token ETF Listings, Ripple Settlement Boosts XRP

Cryptocurrency journalist Eleanor Terrett has announced a significant development in the cryptocurrency landscape. The U.S. Securities and Exchange Commission (SEC) is reportedly in the early stages of creating a universal listing standard for token-based exchange-traded funds (ETFs) in collaboration with exchanges. This new approach, if a token meets the specified criteria, will allow issuers to directly submit Form S-1, bypassing the 19b-4 filing, which is currently a lengthy and detailed process. After a 75-day waiting period, the relevant token ETF will be listed directly on the exchange, saving both issuers and the SEC significant time and bureaucratic process.

However, the specific listing criteria have not been disclosed. Speculations suggest that market value, trading volume, and liquidity may be among the main criteria. The SEC has declined to make an official statement regarding this development.

A significant development in the cryptocurrency landscape has emerged, with claims that the U.S. Securities and Exchange Commission (SEC) is poised to make substantial changes that could pave the way for altcoin spot exchange-traded funds (ETFs). This shift is seen as a potential game-changer for the industry, as it could open the door for a broader range of digital assets to be traded on regulated platforms.

The news comes on the heels of Ripple Labs' recent settlement with the SEC, which has been hailed as a pivotal milestone for the cryptocurrency community. The settlement, which involved a $50 million payment, officially ended a years-long legal battle that had cast a shadow over the XRP token. This resolution has not only lifted regulatory uncertainty but also provided a clear path for institutional engagement with XRP. The removal of restrictions on institutional sales of the token is expected to attract fresh capital inflows and broader utility for XRP, potentially benefiting other digital assets as well.

The settlement has also reignited speculation about the possibility of an XRP spot ETF. With regulatory barriers removed, XRP is now seen as a more attractive option for large issuers. This development is viewed as a positive step toward wider crypto regulation clarity in the U.S., which could benefit other digital assets beyond XRP. The successful launch of the Ethereum Virtual Machine (EVM) sidechain on the XRP Ledger further bolsters the fundamentals of XRP, allowing Ethereum-compatible smart contracts to run on its network. This upgrade is expected to invite new capital and developers into the XRP system, enhancing its utility and long-term value proposition.

The broader implications of these developments are significant. The potential approval of altcoin spot ETFs by the SEC could mark a turning point for the cryptocurrency industry, providing a regulated and accessible way for investors to gain exposure to a wider range of digital assets. This could lead to increased institutional investment and greater market stability, ultimately benefiting the entire ecosystem. As the industry continues to evolve, the resolution of regulatory uncertainties and the introduction of new investment products are likely to play a crucial role in shaping its future.