2024-06-06

Author

Fernando Fierro
June 06, 2024

Howdy folks,

🚀📜 SEC Chair Gary Gensler has indicated that the full approval process for Ethereum ETFs "will likely take some time."

Despite the SEC’s partial approval in May, the exact timeline for these ETFs to start trading remains uncertain. Some experts are optimistic, predicting possible approval by late June or early July, but Gensler's comments suggest a longer wait.

This leaves investors anxiously anticipating the launch of these products.

In other news:

🛑🌍 U.S. lawmakers are urging immediate action for the release of Binance's Tigran Gambaryan, detained in Nigeria for over 100 days.

They argue his detention is a "state-sponsored kidnapping" and a dangerous precedent for U.S. citizens abroad. Gambaryan's health is deteriorating, adding urgency to their calls for intervention.

⚖️🔍 The Ripple vs. SEC case might head to the Second Circuit Court of Appeals following a settlement with Terraform Labs.

This could set a precedent on crypto classification as non-securities. The outcome is crucial as it may significantly impact XRP’s market and future regulatory landscape, alongside Ripple’s plans.

đź’ąđź”® Ripple CEO Brad Garlinghouse predicts an XRP ETF by 2025, viewing it as "inevitable" due to rising investor demand and shifting regulatory attitudes.

A futures-based XRP ETF could be the first step, paving the way for a spot ETF. However, ongoing SEC investigations and regulatory unpredictability remain significant hurdles.

DailyCoin Daily Meme

Tether Invests $18.75M in XREX to Tap Emerging Markets

Tether invests $18.75M in XREX to drive financial inclusion through USDT cross-border payments, plus inflation and regulatory tech.

Vitalik Buterin “Unhappy” with Celebrity Memecoin Cycle

Ethereum’s Vitalik Buterin condemned the resurgence of celebrity-backed memecoins, questioning their legitimacy and substance.

Ethereum vs. Bitcoin: Why Is ETH Stuck While BTC Soars?

Ethereum stuck flat while other cryptos soar. Will it surge or stay stagnant? DailyCoin delivers latest crypto news analysis.

Thanks for joining us today!
If you're hungry for more, check out our website.
See you next time for more crypto fun!

DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

Sharing is caring!

Know someone who would like this newsletter?
Share this email with them so they can subscribe.