Meeting Details and Key Discussion Points

According to the meeting minutes from March 5, 2025, SEC officials met with representatives from Circle Internet Financial LLC and WisdomTree Digital Management Inc. to explore strategies for addressing crypto asset regulations.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Both companies presented documents outlining their perspectives on stablecoin regulations, digital asset compliance, and market oversight.

This meeting is part of SEC’s ongoing efforts to refine its regulatory framework for cryptocurrencies. Key topics discussed likely included stablecoins, spot Bitcoin ETFs, and decentralized finance (DeFi) projects.

With the SEC expected to solidify its stance on crypto regulations soon, such meetings could have a significant impact on the market.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post U.S. SEC Meets with Circle and WisdomTree to Discuss Crypto Regulations! appeared first on Coin Engineer.

Ripple President Monica Long also anticipates that Ripple USD (RLUSD) stablecoin will be listed “imminently” on major cryptocurrency exchanges.

In a January 7 interview with Bloomberg, Long confirmed that Ripple is actively working on additional exchange listings for RLUSD.

“We are continuing to expand the distribution and availability of Ripple dollars on other exchanges. So, I think you can expect to see more access and new announcements coming soon… very soon,” she said. However, she declined to provide specifics regarding RLUSD listings on major platforms like Coinbase.

According to Ripple’s website, RLUSD is currently available on Bitso, MoonPay, CoinMina, Bullish, Mercado Bitcoin, B2C2, Keyrock, Archax, Independent Reserve, and JST Digital.

Ripple launched RLUSD on December 17 as a stablecoin pegged 1:1 to the US dollar. At the time of publication, the stablecoin’s market cap was $71.8 million, according to CoinGecko data.

Ripple Market Cap

More than 76% of RLUSD trading volume is concentrated on the Bullish crypto exchange, split between two main trading pairs, RLUSD/USD Coin and XRP/RLUSD.

Meanwhile, the decentralized exchange Sologenic handles a smaller portion of the market. The XRP/RLUSD pair on Sologenic recorded $3.4 million in 24-hour trading volume, representing 3.56% of the total volume.

Ripple President: “Our business has doubled.”

The demand for RLUSD primarily comes from Ripple’s payment services, and President Monica Long stated that this segment of the business has doubled in the past year.

“Our business in the payments sector doubled last year, and therefore we see a very strong growth potential for our payment solution. Along with that, Ripple US Dollar will play an important role,” she said.

Long anticipates strong growth for stablecoins.

“We think this year will be a big year for crypto overall, and so demand for stablecoins will increase along with that. Stablecoins are really the main way to on-ramp and off-ramp,” she added.

According to DefiLlama data, the stablecoin market has grown by 55% since last year, reaching $206.2 billion. USDt remains the largest stablecoin, holding 66% of the market share.

“XRP ETF Coming Soon!”

Long indicated that XRP could be next in line for its own exchange-traded fund (ETF):

“I think we will see one very soon […] XRP is likely to be the next asset after Bitcoin and ETH.”

Several companies, including WisdomTree, have already taken steps to launch an XRP ETF. WisdomTree filed for approval with the US Securities and Exchange Commission (SEC) on December 2, 2024. Bitwise, Canary Capital, and 21Shares have also filed for similar products.

Long expressed that with the change in the US administration, the approval process for ETF filings will “accelerate.”

Ripple Chainlink Partnership

To enhance the utility of RLUSD, Ripple partnered with Chainlink on January 7 to integrate price feeds for RLUSD on Ethereum and the XRP Ledger.

This collaboration aims to provide tamper-proof, accurate price data, support DeFi applications, and reduce risks such as price manipulation or downtime.

In the comment section, you can freely share your comments about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post Ripple’s RLUSD Stablecoin to be Listed on More Exchanges “Imminently” appeared first on Coin Engineer.

Critical Timing of the Filing

The timing of this filing is crucial, as it comes at a pivotal moment for XRP. In July 2023, Ripple achieved a partial victory in its long-running lawsuit against the SEC, with the court ruling that XRP is not a security. However, the SEC filed an appeal in October 2024, introducing uncertainty into the market.

The filing by WisdomTree, combined with the potential for regulatory changes under the Trump administration, presents an optimistic outlook for XRP. Analysts predict that the new administration may bring significant changes to crypto regulations, potentially accelerating XRP ETF approvals.

XRP Price Surge

Following the announcement, XRP saw a noticeable price increase. The cryptocurrency rose 3.68% in the last 24 hours and has jumped 182% over the past month. This surge reflects growing investor confidence in XRP and rising expectations for the approval of spot ETFs in the market.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post WisdomTree Files for Spot XRP ETF Amid Regulatory Changes appeared first on Coin Engineer.

Jeremy Siegel, a renowned finance professor at the Wharton School and chief economist at WisdomTree, has urged the Fed to implement a 75 basis point interest rate cut immediately, followed by another 75 basis point cut in September. Siegel argues that the current federal funds rate should be between 3.5% and 4%.

“If they’re going to be as slow coming down as they were going up, which by the way was the first policy mistake in 50 years, then this is not a good time for the economy,” Siegel said in a CNBC interview.

Nigel Green of DeVere Group echoed the call for urgent action, advocating for a 25 basis point cut to avoid a recession. “The Fed needs to act now, otherwise there is a legitimate and widespread risk of a hard landing,” he warned in a note.

However, not all experts agree on the need for such aggressive rate cuts. Matt Hougan, CIO of Bitwise, believes that a more measured approach is warranted. “Powell has been pretty measured, and the timing around the elections makes a rush cut less likely,” Hougan said, adding, “But we’ll probably see 50 basis points in September and over 100 basis points of cuts by year-end. We’re entering a new global liquidity cycle, just like the last one.”

Hougan pointed to the market crash of March 12, 2020, when the Dow Jones Industrial Average plunged by 2,400 points and Bitcoin’s price fell by nearly 40%. This crash, he noted, turned into a historic buying opportunity, with Bitcoin surging over 1,000% in the following year as central banks intervened.

The post Fed Under Pressure to Cut Rates Aggressively appeared first on Coin Engineer.

BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset value, led the way with a net inflow of $117.25 million, according to SoSoValue data. The fund also became the most traded Bitcoin ETF on Monday with a volume of $1.24 billion. Ark Invest and 21Shares’ ARKB followed closely with a net inflow of $117.19 million.

Fidelity’s FBTC saw $36.15 million in net inflows, and Bitwise’s BITB received $15.24 million on Monday. Funds from VanEck, Invesco, Galaxy Digital, and Franklin Templeton also reported net inflows yesterday.

Grayscale’s GBTC, along with ETFs from Valkyrie, WisdomTree, and Hashdex, experienced zero inflows on Monday.

A total of $2.26 billion was traded across US spot Bitcoin funds on Monday. The trading volume in spot Bitcoin ETFs remains lower compared to March, when volumes surpassed $8 billion on some days. However, the ETFs have accumulated a total net inflow of $16.11 billion since their launch in January.

Bitcoin recovered quickly and climbed above $64,000. The leading cryptocurrency is currently trading at $64,770 as of this writing.

BlackRock co-founder and CEO Larry Fink stated in an interview with CNBC on Monday that Bitcoin has become a “legitimate financial asset” and admitted his previous skepticism towards the cryptocurrency was misplaced.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Spot Bitcoin ETFs Maintain Momentum: Bitcoin on an Upward Trend! appeared first on Coin Engineer.

These ETPs will be open to professional investors only and will carry a 35 basis point fee. The New York-based firm manages more than $111 billion in assets worldwide, and the WisdomTree Bitcoin Fund (BTCW) was among those approved as a spot bitcoin ETF in the US in January. The firm has been offering crypto products on European exchanges since 2019.

The FCA announced in March that it would not object to requests from financial institutions to list ETPs for professional investors. The LSE has confirmed that it will accept applications for bitcoin (BTC) and ether (ETH) products in the second quarter. The FCA introduced a ban on ETPs, including crypto derivatives, in January 2020. But after several years of widespread availability of these products in Europe and spot ETF approvals in the US, the regulator has adjusted its stance. The ban continues to remain in effect for retail investors.

This move by WisdomTree aims to expand access to crypto assets for professional investors and increase the adoption of digital asset investment products. This development is seen as being in line with the FCA’s previous decision to relax its restrictions and the London Stock Exchange’s attempts to meet growing demand for these products.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post WisdomTree Receives Approval on London Stock Exchange for Bitcoin and Ether ETPs appeared first on Coin Engineer.

This charter paves the way for WisdomTree to introduce its personal finance mobile app, WisdomTree Prime, with heightened regulatory oversight in New York, as announced by the firm on March 22.

Jonathan Steinberg, the founder and CEO of WisdomTree, highlighted the significance of this approval, stating, “The New York State Department of Financial Services is the premier regulator for businesses involved in digital asset activity.” He emphasized the trust company charter program’s robust regulatory framework, which predates digital assets, ensuring customer protection while fostering innovation.

With this charter, WisdomTree is poised to emerge as a key player in New York’s rapidly evolving digital asset landscape. The approval allows the company to provide digital asset custody services, including wallet solutions, issuing DFS-approved stablecoins, and managing stablecoin reserves. These services will be offered through the newly established entity, WisdomTree Digital Trust Company.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post WisdomTree Secures NYDFS Trust Company Charter appeared first on Coin Engineer.

You might like: Ethereum Is On A Roll! Will ETH Reach $3,000?

10 Years Since the First Application

More than 10 years have passed since the first application to the Securities and Exchange Commission (SEC). On January 10, 2023, the SEC again approved the first regulated spot Bitcoin exchange-traded fund (ETF).

The approval of the Bitcoin ETF was a historic milestone for crypto, but the road was not smooth.

July 1, 2013 (Bitcoin Spot ETF)

It took 4 years to get this application approved. It all started on July 1, 2013, when Gemini co-founders Cameron and Tyler Winklevoss filed the first application for a spot Bitcoin ETF in the United States. However, despite the twins’ efforts and the back-and-forth with the SEC, the agency ultimately denied the application in 2017.

Everyone agreed: Bitcoin was in no way ready for the mainstream.

Grayscale 2017

In 2017, Grayscale launched an investment vehicle called GBTC, an open-ended, private trust for accredited investors. It had already received approval from the Financial Industry Regulatory Authority (FINRA) to trade publicly in 2015. However, it was not an ETF. Today, it is the first publicly traded Bitcoin fund in the United States and is eventually expected to be converted to a spot-based ETF.

Re-Application: The Winklevoss Brothers

The Winklevoss brothers, not to be deterred by their first rejection by the SEC, made a second attempt to get Bitcoin ETF approval. Again, the SEC denied the application, citing the largely unregulated nature of Bitcoin.

Hopes Always Rested on Canada 2021

For years, many people wondered if a spot ETF approval for Bitcoin could ever be achieved until Canada took the lead. According to Bloomberg ETF analyst Eric Balchunas:

• Fidelity Canada launched a spot Bitcoin ETF in 2021, making them the largest asset manager with a Bitcoin ETF at the time.

Companies Sue the SEC 2022

The companies prepared again and applied to the SEC again in 2022. The companies that applied at that time were:

• SkyBridge
• Fidelity
• Bitwise
• Grayscale

The spot Bitcoin ETF applications from the companies’ managers were again rejected by the SEC. In response, Grayscale Investments filed a lawsuit against the SEC after its application to convert GBTC to a spot-based ETF was denied.

ETF Race 2023

In 2023, asset managers BlackRock and ARK Invest joined the race for a Bitcoin ETF. This further increased the hopes that the new Bitcoin investment vehicle would eventually be approved.

August 29, 2023 was the first turning point. US District Court Judge Neomi Rao of the US Court of Appeals ordered the SEC to accept Grayscale’s petition for review.

This was seen as a victory for Grayscale. While the decision did not guarantee the ultimate listing of Grayscale’s spot Bitcoin ETF, it gave the community hope that a spot Bitcoin ETF was on the way.

SEC Response 2024

There were many disputes between the applicant companies and the SEC. By the beginning of January 2024, everything was ready. All the requested files were in the SEC’s possession in a complete manner. On January 9, the SEC’s official X (Twitter) account posted a message stating that the commission had approved the spot BTC ETF applications. However, SEC Chairman Gary Gensler immediately denied the announcement, saying that the SEC had not yet approved the listing and trading of the ETFs, and said that the SEC’s X account had been hacked.

January 10, the Final Day (Bitcoin ETF)

On January 10, Cboe BZX Exchange submitted a letter to the SEC. The letter stated that the BTC ETF proposals for the companies:

• ARK 21Shares
• Invesco Galaxy
• Fidelity
• VanEck
• WisdomTree
• Franklin Templeton

had been approved. At this time, the SEC’s full approval was still pending. This fueled speculation that the SEC could approve multiple proposals from asset managers at the same time.

Approval Time

On the same day, the SEC finally approved the 19b-4 applications from the asset managers. This paved the way for the first regulated spot.

The post Bitcoin ‘s Spot ETF Victory appeared first on Coin Engineer.

You might like: Coinbase Expands European Ambitions!

ETF: A Move by the Big Exchanges

Large exchanges such as Nasdaq, NYSE, and Cboe BZX are hosting initiatives by leading financial institutions such as BlackRock, Valkyrie, Grayscale, VanEck, WisdomTree, Pando Asset AG, and Franklin Templeton to create spot Bitcoin ETFs. These companies are trying to take a big step in the cryptocurrency space by submitting new applications and updates to the SEC.

Spot ETF: Importance for Investors

If approved, spot Bitcoin ETFs could open a significant door for investors who want to invest in cryptocurrencies. These ETFs could make it easier to access Bitcoin through traditional financial instruments and offer investors a safer way.

Regulation and Approval Process

The SEC carefully reviews security and regulatory issues before any financial product is launched. Spot Bitcoin ETFs also have to go through this audit process. Analysts are expressing expectations that the ETFs could be approved soon.

Impacts and Expectations of Spot Bitcoin ETFs

If approved, spot Bitcoin ETFs could increase the general interest in cryptocurrencies and attract new investors to the field. However, investors should always carefully consider market conditions and the risks of investment products.

Potential Changes Brought by ETFs

The cryptocurrency world could enter into a closer relationship with traditional finance. The approval of ETFs could increase the general interest in cryptocurrencies and give the market a new dimension.

The post Bitcoin ETF: A Revolutionary Step in the Traditional Financial World appeared first on Coin Engineer.

May attract your attention: Latest Situation in Bitcoin and Cryptocurrencies! – December 30

The post Bitcoin ETF Revision! Another New Company! appeared first on Coin Engineer.