The Node: SEC Worried About Default Bitcoin ETFs
Gary Gensler could take charge of the SEC. Will he be open to more innovation, like bitcoin exchange-traded products?
It's one of several such applications before the U.S. Securities and Exchange Commission.
David Schwartz also suggested rumors of a Coinbase relisting of XRP could account for the crypto’s recent rally.
The Eliminate Barriers to Innovation Act of 2021 seeks to establish a digital asset working group with representatives from the SEC and CFTC.
Ripple is hoping to find evidence the regulator defined XRP as being similar to bitcoin and ether.
The SEC did not tell crypto trading platforms it viewed XRP as a security, Ripple claimed in a new filing.