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SEC Stalls...
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Bitcoinist

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SEC Stalls Spot XRP And Dogecoin ETFs—No Fast-Track For Crypto Yet

  • The SEC has delayed the approval process for spot XRP and Dogecoin exchange-traded funds (ETFs), along with extending its review of an Ethereum staking amendment.
  • Under Section 19(b)(2)(B) of the Exchange Act, the SEC now has up to 240 days to approve or disapprove the rule changes for these products.
  • Analysts view the delay as routine, with expectations that any approvals for these ETFs would not arrive before late June or early July at the earliest.
  • The calendar indicates that any final SEC vote on XRP, Dogecoin, or ETH-staking structures is likely to be pushed into the fourth quarter of the year.

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