• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

ProShares Files XRP ETF Applications: Changes in US Crypto Regulation

user avatar

by Giorgi Kostiuk

2 months ago


ProShares has filed several applications for XRP-based ETFs following Gary Gensler's resignation from the SEC chairmanship, leading to changes in US crypto regulation.

Gensler's Departure and Its Impact on Crypto

ProShares' recent announcement of intentions to launch XRP-based ETFs comes in the wake of Gary Gensler's departure from his position as chairman of the United States Securities and Exchange Commission (SEC). Under Gensler's leadership, the SEC took active enforcement actions, making the crypto regulatory environment challenging and unpredictable. Many industry participants believe this slowed the adoption of cryptocurrencies in the United States. ProShares' filings indicate a potential shift in political climate and more favorable regulatory conditions.

Ripple Lawsuits and XRP Challenges

A major case during Gensler's tenure involved litigation against Ripple Labs, where the SEC accused the company of securities law violations. This negatively impacted XRP's development, although Ripple has recently secured several victories in court, instilling hope among investors.

Market Expectations Ahead of Political Shifts

With the upcoming inauguration of Donald Trump, the crypto industry anticipates changes in regulatory policies. Trump has vowed to replace Gensler and adopt a more crypto-friendly stance. Analysts predict this could lead to a more supportive framework for digital assets. ProShares' filings for XRP-related ETFs suggest the market is preparing for potential shifts and anticipating bullish momentum for cryptocurrencies, especially XRP.

ProShares' XRP ETF applications mark a significant shift in US crypto regulation. Gensler's departure and potential political changes lead to expectations of favorable conditions for the crypto industry.

0

Share

Other news

Ethereum Leads DEX Volume Again, Surpassing Solana and BNB Chain

Ethereum hits $16.43 billion in DEX trading volume, surpassing Solana and BNB Chain.

user avatarGiorgi Kostiuk

a few seconds ago

Cryptocurrency Market Shows Mixed Trends on April 2, 2025

Major cryptocurrencies showed gains and losses on April 2, 2025.

user avatarGiorgi Kostiuk

a few seconds ago

Top Crypto ICOs of 2023: Experts' Picks

Experts picked five promising crypto ICOs that might become successful investments by 2025.

user avatarGiorgi Kostiuk

a minute ago

Bitcoin Liquidations: What's Happening in the Market?

Bitcoin liquidations hit new highs amid market volatility, potentially paving the way for sustainable recovery.

user avatarGiorgi Kostiuk

a minute ago

SEC and Gemini Seek a Pause in Legal Proceedings over Earn Program

SEC and Gemini request a 60-day pause in legal proceedings to explore a solution for the Earn program case outside of court.

user avatarGiorgi Kostiuk

2 minutes ago

Crypto Trends 2025: MAGACOINFINANCE Gains Popularity as Traders Shift from Old Giants

The crypto market evolves with MAGACOINFINANCE gaining attention for its strong start and solid metrics.

user avatarGiorgi Kostiuk

2 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.