Tag: sec

  • List of All Dogecoin ETFs Globally

    Dogecoin has been a top cryptocurrency despite the end of the memecoin supercycle in Q1 of 2025. Being a top crypto with millions of holders across the globe lends it decent credibility as an asset. Further, the deregulation of memecoins by the US SEC adds to its popularity.

    All of these factors are enough to let Dogecoin have its own ETF in the financial markets alongside XRP, Solana, Ethereum, Litecoin, and Bitcoin.

    Also, take a look: List of Businesses Accepting Dogecoin.

    Note: Despite Dogecoin enjoying the status of a “deregulated crypto”, its ETF would still be a security because the ETF Trust Shares are securities irrespective of the assets they hold.

    US Dogecoin ETFs

    The United States has several top ETF issuers lined up with their Dogecoin ETF applications at the US SEC.

    Last year, a Dogecoin ETF would have been a nightmare but this year, they might become a reality soon. The US SEC has seen the approval of the new SEC Chairman Paul Atkins from the US Senate. From Trump’s swearing-in to April 10, 2025, the SEC relied on Acting Chairman Mark Uyeda.

    Now that a full-time Chairman has assumed the position, the markets could witness the approval of XRP, Solana, Litecoin, and possibly Dogecoin ETFs too. At present, Dogecoin ETFs have been delayed till May 2025.

    Do you know? The US Federal Reserve has a FOMC meeting scheduled on May 6-7, 2025 where it is expected to cut interest rates by 0.25% to 0.5%.

    Must Read: Will Trump Announce a Zero Crypto Tax Policy in 2025?

    21Shares Dogecoin ETF

    21Shares has applied for a Dogecoin ETF application on April 10, 2025. The S-1 application by 21Shares would join a list of two other “colleagues/competitors” for approval.

    Grayscale Dogecoin ETF

    Grayscale was another major ETF issuer to apply for a Dogecoin ETF in February 2025. Previously Grayscale launched the Dogecoin Trust on 31 Jan 2025.

    The SEC accepted its application on Feb 14, 2025.

    Bitwise Dogecoin ETF

    Bitwise was one of the pioneers of a Dogecoin ETF, having applied for a trust on January 23, 2025, and an SEC application on March 12, 2025.

    Frequently Asked Questions

    Why is the Dogecoin ETF so important?

    Dogecoin ETFs are expected to provide liquidity to DOGE in the crypto markets and provide its holders a safe way to buy and hold DOGE without having to worry about the complexity of crypto custody.

    How many Dogecoin ETFs are there?

    As of April 10, 2025, there are 3 Dogecoin applications with the US SEC. The SEC has acknowledged 2 of them while the 21Shares ETF is at the S-1 application stage.

    When will Dogecoin ETFs be approved?

    The US SEC has delayed Dogecoin ETF approval to May 2025, most probably because of the change in the SEC’s Chair.

  • Ripple SEC Closed Door Meeting Thu 13 March 2025 at 2:00 pm ET

    • Ripple and SEC are scheduled to meet at 2 pm, today on Thursday 13 March 2025.
    • The meeting could solve the differences between the SEC and XRP under new SEC Chair Mark Uyeda (a Republican).
    • SEC had previously appealed against lower court’s decision that termed XRP as “not a security”, while having fined it for $125 million.

    The SEC has released a press statement regarding its upcoming meeting with Ripple under the Sunshine Act. The meeting will be held online between Ripple Executives Brad Garlinghouse (CEO), David Schwartz (CTO), Stuart Alderoty (Legal Counsel) and a few other possible executives.

    On the behalf of the US SEC, there would be Mark Uyeda (acting Chairman) and three SEC Commissioners (as Elizabeth Crenshaw was not re-appointed in Jan 2025).

    The notice discloses the time of the Ripple-SEC meeting as Thursday 13 March 2025. Ripple and SEC could solve their differences in this meeting, potentially leading to the end of a four-year long case against Ripple Labs and its executives (filed in December 2020).

    Sunshine Act Notice Disclosed the Time of the Meeting as Thu 13 March 2025, 2:00 PM Eastern Time
    Sunshine Act Notice Disclosed the Time of the Meeting as Thu 13 March 2025, 2:00 PM Eastern Time

    What Does it Mean if SEC Drops the Case?

    There is a very high possibility that the SEC drops the case as Acting Chairman Mark Uyeda (a Republican) could follow Trump’s pro-crypto initiatives.

    Further, as a result of Trump’s liberal crypto policy, Ripple could become the largest cross-border payment settlement platform. It is already the largest player in the blockchain-based cross-border settlement space.

    Additionally, since XRP is the primary token to pay gas fees on the XRPL blockchain, the result meeting could increase the demand for this token. Besides being used for cross-border settlements, XRPL is also used for issuing and transacting RLUSD stablecoins, for RWA (Abrdn’s Tokenized Liquid Fund), for using Ripple On Demand Liquidity Platform, and for several other uses.

    If SEC drops the case, Ripple’s XRP could shoot upwards of $3 within a week, according to our expectations.

    The Ripple vs SEC Case Timeline

    Ripple was accused of selling $1.3 billion worth of unregistered securities to retailers and corporate investors in 2013 (the XRP ICO) following which the SEC registered a case 7 years later in December 2020.

    The case saw several developments over the next four years finally culminating in a ruling by the District Court of the Southern District of New York. The ruling termed that the retail sales of the SEC were not securities and quashed the SEC case in August 2023. Whereas, the corporate sale were later termed as securities but the courts imposed only $120 million fine on Ripple Labs, against a demand of $2 billion from the SEC.

    The case has now been pending in front of an appellate court where the SEC has challenged the ruling of the lower court.

    The meeting scheduled on 13 March 2025 is expected to settle the matter for once and for all.