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Ethereum Staking, XRP, And Dogecoin ETFs All Pushed Back By SEC, Here Are The Next Important Dates

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The SEC has announced its decision to extend the review period for several crypto ETFs. This includes staking proposals for the Ethereum ETFs, as well as XRP and Dogecoin ETFs, with the commission pushing its decision to the final deadline for these funds. 

SEC Delays Decision On Ethereum, XRP, and Dogecoin ETFs

In an SEC release, the commission revealed that it is extending the review period for the proposed rule change to permit staking in BlackRock’s Ethereum ETF. The agency stated that it finds it appropriate to designate a longer period within which it will take action on the proposed rule change. That way, it has sufficient time to consider the proposal and the issues in it. 

With the extension, the SEC now has until the final deadline on October 30 to approve or disapprove the proposed rule change. The commission also made a similar decision on the proposed rule change to permit staking in Fidelity and Franklin Templeton’s Ethereum ETFs. The final deadline for the SEC to approve or disapprove the proposed rule changes for both funds is on November 13. 

There are also similar applications from other Ethereum ETF issuers, such as Grayscale and 21Shares, to permit staking for their respective funds. The final deadline for 21Shares and Grayscale’s proposed rule change is October 23 and 29, respectively. Based on this, there is the possibility that the SEC could approve staking for the ETH ETFs as early as October 23. This will be similar to how the commission approved all funds to launch at the same time last year.

Meanwhile, the SEC is expected to approve these funds, considering that it already clarified that staking activities aren’t securities. Staking for these funds will enable investors to earn yields while also gaining spot exposure to Ethereum. 

SEC Also Delays Decision On XRP And Dogecoin ETFs

The SEC has also delayed its decision on Franklin Templeton’s XRP ETF and Bitwise’s Dogecoin ETF. Similar to the Ethereum ETFs decision, the commission said that it needed more time to review the proposed rule change and the issues therein. It will now have until the final deadline on November 14 to approve or disapprove the proposed rule change to list and trade shares of this fund. 

It is worth noting that the SEC had already delayed the other XRP ETF applications to the final deadline. Grayscale, Bitwise, 21Shares, CoinShares, Canary Capital, WisdomTree, and Franklin Templeton have all filed for an XRP fund under the 33 Act. The first final deadline is Grayscale’s, which comes up on October 18. 

Meanwhile, the SEC delayed its decision on the proposed rule change for Bitwise’s Dogecoin ETF till the final deadline, which comes up on November 12. Grayscale has also filed for a DOGE ETF, with its final deadline coming up on October 18.

DOGE trading at $0.28 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Top CDC Officials Resign After Director Is Pushed Out
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Top CDC Officials Resign After Director Is Pushed Out

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Susan Monarez is no longer the director of the US Centers for Disease Control and Prevention, according to a post by the official Department of Health and Human Services X account. She had been in the position for just a month. In the wake of her apparent ouster, several other CDC leaders have resigned.

Named acting CDC director in January, Monarez was officially confirmed to the position by the Senate on July 29 and sworn in two days later. During her brief tenure, the CDC’s main campus in Atlanta was attacked by a gunman who blamed the Covid-19 vaccine for making him sick and depressed. A local police officer, David Rose, was killed by the suspect when responding to the shooting.

In a statement Wednesday evening Mark Zaid and Abbe David Lowell, Monarez’s lawyers, alleged that she had been “targeted” for refusing “to rubber-stamp unscientific, reckless directives and fire dedicated health experts.” The statement further says that Monarez has not resigned and does not plan to, and claims that she has not received notification that she’s been fired.

According to emails obtained by WIRED, at least three other senior CDC officials resigned Wednesday evening: Demetre Daskalakis, director of the National Center for Immunization and Respiratory Diseases; Debra Houry, chief medical officer and deputy director for program and science; and Daniel Jernigan, director of the National Center for Emerging and Zoonotic Infectious Diseases.

More resignations are expected to become public soon, say CDC staff with knowledge of the departures.

“I worry that political appointees will not make decisions on the science, but instead focus on supporting the administration’s agenda,” says one CDC employee, who was granted anonymity out of concerns over retribution. “I worry that the next directors will not support and protect staff.”

President Donald Trump’s original pick to lead the CDC was David Weldon, a physician and former Republican congressman from Florida who had a history of making statements questioning the safety of vaccines. But hours before his Senate confirmation hearing in March, the White House withdrew Weldon’s nomination. The administration then nominated Monarez.

The CDC leadership exits come amid recent vaccine policy upheaval fomented by HHS secretary Robert F. Kennedy Jr., who in May removed the Covid-19 vaccine from the list of the CDC’s recommended vaccines for healthy children and pregnant women. The following month, he fired all 17 sitting members of the CDC’s Advisory Committee on Immunization Practices, a group of independent experts that makes science-based recommendations on vaccines.

In their place, he installed eight new members, including several longtime vaccine critics. “A clean sweep is necessary to reestablish public confidence in vaccine science,” Kennedy said in a statement at the time.

Earlier this month under Kennedy’s leadership, HHS canceled a half billion dollars in funding for research on mRNA vaccines. This month HHS also announced the reinstatement of the Task Force on Safer Childhood Vaccines, a federal advisory panel created by Congress in 1986 to improve vaccine safety and oversight for children in the US. The panel was disbanded in 1998, when it issued its final report. Public health experts worry that the panel is a move to further undermine established vaccine science.



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crypto, trump
GameFi Guides

Trump Family Pushed Into Crypto By Fragile Financial System

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US President Donald Trump’s son, Eric Trump, has shared some insight into his shift to the crypto industry, the problems with the traditional financial system, and how it was “weaponized” against the Trump family businesses.

Trump Family Pushed Into Crypto

In a recent interview with The Wall Street Journal, Eric Trump detailed how financial institutions “made him” embrace the crypto industry, explaining that after the January 6, 2021, riot at the US Capitol, several banks cut the Trump family off.

Trump shared that hundreds of accounts for the family’s business were shut down without an explicit reason, leaving the Trump Organization “debanked” and “scattering millions across accounts at regional banks before eventually migrating to a new bank,” which he did not name.

“At that time, I realized how fragile the financial system was and how easily it could be weaponized against you,” he affirmed, arguing that the decisions were likely political, leading him to turn to the crypto industry.

According to the interview, Eric Trump, executive vice president at the Trump Organization, began warming up to the industry during his father’s second presidential campaign, as he became aware of the struggles of crypto companies with banking services.

Previously, he told CNBC that being “the most canceled company, probably on Earth,” is what drove the Trump family towards crypto, explaining that his entry into the industry wasn’t a financial bet but “a form of resistance.”

“This whole system was weaponized against them, no different than it had been weaponized against us for different reasons,” Trump told the Wall Street Journal, noting that both conservatives and crypto firms have alleged that banks have denied them services for political or religious reasons.

The Trump administration has made stopping the crackdown on the sector a top priority. Crypto industry leaders have accused the previous administration of using financial exclusion as a weapon against numerous companies and founders, in what many have named “Operation Chokepoint 2.0.”

In December, the Securities and Exchange Commission (SEC) Commissioner Hester Peirce urged the regulatory agency to “stop the chokepoint aspect of government regulation.” Since then, the Commission dropped its “regulation by enforcement” approach, launched its Crypto Task Force, and recently unveiled the “Project Crypto” initiative to modernize securities rules and regulations.

Earlier this month, President Trump addressed this issue, signing an executive order that requires banks to ensure they do not refuse financial services based on political or religious beliefs and directs regulators to review all institutions for any discriminatory practices.

A Gateway To Financial Freedom

Eric Trump also addresses the conflicts of interest allegations, asserting that there’s a separation between the family’s crypto businesses and President Trump’s official businesses. “I literally have nothing to do with Washington, D.C.,” he affirmed.

It’s worth noting that multiple US lawmakers have argued that the Trump family’s crypto ventures, including World Liberty Financial’s (WLFI) USD1 stablecoin and the official TRUMP memecoin, enable corruption and represent a threat to America’s financial system.

Nonetheless, Trump said in the interview that memecoins serve as a “powerful gateway” for newcomers, arguing that “If somebody wants to go in and they want to buy $TRUMP, congratulations, now you have access to Bitcoin, you have access to Ethereum, you have access to USD1, you have access to the United States dollar.”

You just took the first step in actually creating some financial freedom that I think so many people around the world want.

He closed the interview discussing the benefits of tokenizing real-world assets (RWA). “Why is it that if I wanted to refinance Trump Tower, I couldn’t tokenize this asset and put it on the street for billions of people around the world to otherwise invest in it. They love New York. They love Fifth Avenue. They love Trump,” he concluded.

Ethereum (ETH) trades at $4,558 in the one-week chart. Source: ETHUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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