SEC Delays Decision on XRP and Dogecoin Trusts
SEC postpones decisions on XRP and Dogecoin trusts, inviting public comments on the proposals.
- SEC delays decisions on XRP and Dogecoin trust proposals
- Public feedback is now being sought for review
- Grayscale and 21Shares are the firms behind these filings
SEC Requests Public Feedback on Crypto Trusts
The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision regarding three major crypto trust applications: 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust. These proposals aim to offer mainstream investment vehicles for XRP and Dogecoin through regulated trusts, but for now, the SEC wants more time—and public opinion—before making a final call.
This delay means that investors and institutions waiting for clarity on these trusts will have to wait a bit longer. In the meantime, the SEC is inviting public comments to gauge broader sentiment and address any concerns related to the filings.
Spotlight on 21Shares and Grayscale
Both 21Shares and Grayscale are known for pioneering crypto investment products. 21Shares has made headlines before with its Bitcoin and Ethereum-based ETPs, while Grayscale is a major player in the digital asset space with its Bitcoin and Ethereum Trusts already popular among institutional investors.
The proposed XRP and Dogecoin trusts would open the door for more regulated exposure to these altcoins, potentially paving the way for broader adoption and easier access for traditional investors. However, regulatory uncertainty continues to hang over altcoins like XRP and DOGE, prompting the SEC’s cautious stance.
What This Means for the Crypto Market
The SEC’s move highlights its ongoing scrutiny of crypto investment products. By seeking public comments, the agency is showing that it’s not entirely dismissing the proposals, but rather taking a methodical approach to risk management and investor protection.
This development may not come as a surprise to seasoned market watchers, given the SEC’s history of delaying decisions on digital asset-related products. Still, it adds another chapter to the growing tension between regulatory bodies and crypto firms aiming for mainstream legitimacy.
As the crypto community awaits further updates, one thing is clear: public participation could play a crucial role in shaping the future of regulated crypto trusts.
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