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SEC Boss Calls for Protecting Crypto Markets Against 'Regulatory Mischief'
NFT Gaming

SEC Boss Calls for Protecting Crypto Markets Against ‘Regulatory Mischief’

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  • A new day for crypto 
  • Future-proofing crypto industry  

U.S. Securities and Exchange Commission Chair Paul Atkins has stated that the agency must craft a framework that would protect cryptocurrency markets against regulatory mischief in the future. 

“I look forward to working with my counterparts across the Administration and Congress to get the job done,” Atkins stressed. 

As reported by U.Today, Atkins stated that the agency was mobilizing all of its divisions in order to be able to achieve cryptocurrency dominance while also stressing that he was looking forward to more progress in Congress when it comes to cryptocurrency-focused legislative efforts. 

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He also made it clear that the SEC was focused on moving away from the hostility that was fomented under the leadership of former SEC Chair Gary Gensler. 

A new day for crypto 

During a recent appearance at the 2025 Wyoming Blockchain Symposium, which is taking place in Jackson Hole, Atkins stressed that it is “a new day” for the cryptocurrency industry. 

“You know, the lawfare that was being waged over the last few years is, you know, even more than I imagined, he stressed. 

Atkins has recalled that the SEC went from a “head-in-the-sand” approach, hoping that crypto would just go away, to active regulation by enforcement under Gensler. 

Now, however, the SEC is embracing innovation. “We want to embrace innovation and, historically, the SEC, frankly, has not shunned innovation,” Atkins added. 

Future-proofing crypto industry  

Atkins has added that there are a lot of questions that have to be answered, stressing the importance of the recently passed GENIUS Act, which brings much-needed clarity to the stablecoin sector. 

At the same time, he has stressed the need for future-proofing the industry from regulatory overreach, stressing that things will be different five or ten years from now. 

“So, all I’m pleading for is, you know, flexibility so that we can keep the regulatory scheme adaptable to changes in the marketplace and technology as we go forward,” he added. 



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Sec Chair Atkins Says Few Crypto Tokens Are Treated As Securities
GameFi Guides

SEC Chair Atkins Says Few Crypto Tokens Are Treated as Securities

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On Tuesday, August 19, 2025, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins said that a very small percentage of crypto tokens are treated as securities. Speaking at the Wyoming Blockchain Symposium, Atkins emphasized that the SEC is taking a fresh approach to digital assets, saying most tokens are not necessarily securities, financial instruments regulated under U.S. law.

“From the SEC’s perspective, we will plow forward on this idea that just the token itself is not necessarily a security,” Atkins said. “Very few, in my mind, tokens that are securities, but it depends on the package around it and how it’s being sold.”

Atkins’ comments mark a major shift from former SEC Chair Gary Gensler, who labeled the “vast majority” of crypto assets as securities under the Howey test, a legal standard used to determine if an investment qualifies as a security. 

Gensler resigned on January 20, 2025, paving the way for Atkins’ appointment, with Commissioner Mark Uyeda serving as Acting Chair in the interim.

Congress Pushes Crypto Market Rules

The remarks come as Congress moves to create clearer rules for digital assets. The House of Representatives passed the Digital Asset Market Clarity (CLARITY) Act in July 2025, a law designed to define and regulate U.S. crypto markets clearly. 

Senate Banking Committee Chair Tim Scott indicated bipartisan support for market structure legislation when the Senate returns from recess on September 2, 2025, noting as many as 18 Democrats could join Republicans in backing the bill.

Atkins also touched upon the Project Crypto initiative of the SEC, which is supposed to create regulatory frameworks to govern companies that trade in blockchain-based tokens, protecting investors without stifling innovation in the crypto market.

This direction is an indicator of a more discriminatory regulatory approach to digital assets, which gives clarity to businesses and investors who are trying to navigate the emerging U.S. crypto market.

Also Read: SEC Extends Review of Nine Crypto ETF Filings Into October



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Sec Extends Review Of Nine Crypto Etf Filings Into October
Crypto Trends

SEC Extends Review of Nine Crypto ETF Filings Into October

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The US Securities and Exchange Commission (SEC) has pushed back decisions on a fresh round of cryptocurrency exchange-traded fund (ETF) proposals, leaving Bitcoin, Ethereum, Solana, and XRP funds waiting until October for a verdict.

In notices filed on August 18, the regulator extended its review period for multiple applications, including the Truth Social Bitcoin and Ethereum ETF, spot Solana ETFs from 21Shares and Bitwise, and the 21Shares Core XRP Trust. 

The new decision dates now fall on October 8 for the Truth Social ETF, October 16 for the Solana filings, and October 19 for the XRP trust.

The Truth Social Bitcoin and Ethereum ETF, first submitted on June 24, is structured as a commodity-based trust that directly holds Bitcoin and Ether. Shares of the fund would be backed by the underlying assets. 

Despite its branding under Donald Trump’s Truth Social platform, the product is designed to function in the same way as other spot Bitcoin and Ether ETFs already approved in the United States.

The Cboe BZX exchange is also seeking approval for the first spot Solana ETFs in the country, filed separately by 21Shares and Bitwise. These funds would give institutional and retail investors regulated access to Solana’s price movements. 

In addition, 21Shares has applied for a Core XRP Trust, a product designed to hold XRP and mirror its market value. The application, initially filed in February, was approaching its 180-day deadline before the SEC extended its review by another 60 days.

Beyond these products, the SEC also pushed back rulings on other crypto-linked filings, including CoinShares’ proposed spot Litecoin ETF and Grayscale’s application for a spot Dogecoin ETF. The regulator has delayed a total of nine applications, with most of the new deadlines set for October.

Bloomberg ETF analysts Eric Balchunas and James Seyffart said the delays appear to reflect the SEC’s broader strategy of developing a framework for digital asset ETFs rather than continuing with the current case-by-case approval system. 

Seyffart suggested that the commission is working on creating clear listing standards that would define which digital assets can be wrapped into ETFs and under what criteria.

The approach could provide greater consistency for the growing number of crypto ETF applications, but in the meantime, issuers and investors will have to wait longer for clarity.

Also Read: Grayscale Files with SEC for Dogecoin ETF Under Ticker GDOG



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GameFi Guides

SEC Punts on Trump Media Bitcoin and Ethereum ETF Decision, Plus XRP and Dogecoin Funds

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In brief

  • The SEC will decide on the Truth Social Bitcoin and Ethereum ETF on October 8, likely after a rules change request from two exchanges that could shorten approval processes.
  • The agency delayed decisions on XRP funds from Grayscale, Bitwise, CoinShares, Canary Capital, and 21Shares.
  • It also pushed back deadlines on separate Dogecoin and Litecoin ETFs, and a proposal to add staking to an existing spot Ethereum ETF.

The U.S. Securities and Exchange Commission has delayed its decisions on an exchange-traded fund proposed by Donald Trump’s media and technology company to track the performance of Bitcoin and Ethereum and seven other ETFs based on single digital assets.

In a filing Monday, the regulator said that it moved its deadline back 45 days for weighing in on the Truth Social Bitcoin and Ethereum ETF to October 8.

It announced identical delays for applications filed for spot XRP funds by Grayscale, CoinShares, Canary Capital, Bitwise and 21Shares, a spot Dogecoin ETF from Grayscale, and a spot Litecoin product from CoinShares, although the dates for potential approvals of those funds vary.

It also held up resolving a request to add staking to the the 21Shares Core Ethereum ETF, which tracks the price of the second-largest cryptocurrency by market value.



The delays comes four days after the agency delayed decisions on Solana ETFs from Bitwise, 21Shares, and VanEck, and a Dogecoin fund from 21Shares.

The SEC is weighing a wave of proposals tracking cryptocurrencies. Those submissions have resulted from the dramatic success of 11 spot Bitcoin and nine Ethereum ETFs, a more favorable political environment for cryptocurrencies ushered in by the Trump administration, and growing interest by traditional finance giants who were formerly resistant to the asset.

The filings also follow roughly three weeks after two major U.S. exchanges asked the SEC to approve amendments that could significantly shorten the approval process for future crypto exchange-traded funds, automatically listing certain products without requiring case-by-case filings.

In separate filings, Cboe BZX and NYSE Arca requested changes to their listing standards that would allow certain crypto ETFs to be listed without enduring the SEC’s rigorous evaluation under Rule 19b-4, a process that requires exchanges to submit proposed rule changes. Under current guidelines, such reviews of proposed changes to funds could take 240 days.

Bloomberg Senior ETF Analyst Eric Balchunas told Decrypt that the SEC’s filings Monday were “nothing significant,” and were likely timed to follow a probable SEC green light of Cboe and NYSE’s amendments next month following the conclusion of a comments period.

“Even though it feels like ‘Isn’t this SEC supposed to approve all this stuff?’, the listing standards are out for comment,” Balchunas said. “So just in the nick of time, these listing standards should be approved. And then we’re anticipating a batch of approvals based on the listing standard starting in October.”

“So this delay feels discouraging, but it’s just a little more patience,” he added. “It’ll all happen soon.”

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Breaking: XRP ETFs Facing Fresh SEC Delay
Crypto Trends

Breaking: XRP ETFs Facing Fresh SEC Delay

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The U.S. Securities and Exchange Commission (SEC) has delayed XRP exchange-traded fund (ETF) proposals from 21Shares as well as CoinShares. 

The two proposals were originally filed on Nov. 21, 2024, and Jan. 24, respectively. 

The SEC acknowledged both of these proposals back in February. 

The agency is expected to either approve or deny these applications in October.

What do recent delays mean? 

Once the SEC acknowledges a certain application, it has a maximum review timeline of up to 240 days. 

The recent delays do not mean that the SEC opposes the approval of such products since these are merely procedural moves. 

As reported by U.Today, Bloomberg analysts are still certain that XRP ETFs will be greenlit during the fourth quarter of the current year. 



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Ripple v. SEC: Official Shares Crucial Reminder
Crypto Trends

Ripple v. SEC: Official Shares Crucial Reminder

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On Friday, the SEC submitted a status report with the Court of Appeals, stating that both parties had filed a Joint Stipulation of Dismissal of the appeals, which remains pending and is awaiting approval by the Court.

It should be recalled that on Aug. 7, the SEC filed a Joint Stipulation of Dismissal with the United States Court of Appeals for the Second Circuit, entered into with defendants Ripple Labs, Brad Garlinghouse and Chris Larsen, which dismissed the Commission’s appeal and Ripple’s cross-appeal and resolves the Commission’s civil enforcement action against the defendants.

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Since the Joint Stipulation of Dismissal was filed with the United States Court of Appeals for the Second Circuit, the court approval awaited would be from there rather than the district court, which would have brought Judge Torres into the matter.

Reminder: Judge Torres has nothing further to do with this case.

— Marc Fagel (@Marc_Fagel) August 16, 2025

Former SEC regional director, Marc Fagel, issues a reminder along these lines amid online speculation of a court decision being awaited from Judge Torres in the Ripple case. Fagel wrote in response to one of such speculations on X: “Reminder: Judge Torres has nothing further to do with this case.”

Ripple case over

As reported, XRP enthusiast and legal attorney, Bill Morgan, referred to the recently filed status report as a formality, having no impact on past developments in the Ripple SEC lawsuit.

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The SEC sued Ripple in December 2020, alleging that it sold XRP tokens without first registering them as securities. Ripple and SEC have agreed to dismiss their appeals, bringing the case to an effective conclusion.

Ripple declared an end to the five year old lawsuit when Stuart Alderoty, Ripple’s chief legal officer, shortly after the Joint Stipulation of Dismissal was filed, stated the dismissals marked “the end” of the case.

The SEC has also dismissed its lawsuits filed against crypto exchanges Binance, Coinbase and Kraken.





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Ripple
NFT Gaming

Market Expert Says Ripple Vs. SEC Lawsuit Is In Final Chapter, Here’s Why

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Market expert Abraham has declared that the Ripple vs. SEC lawsuit is in its final chapter, with the long-running legal battle coming to a close. The expert also explained how this would lead to a “regulatory breakout” for XRP, with the altcoin coming out favored. 

Ripple Vs. SEC Lawsuit Approaching A Final Resolution

In an X post, Abraham affirmed that market participants are witnessing the last chapter of the Ripple vs. SEC lawsuit. He remarked that XRP is about to emerge not just free but favored. The expert then alluded to how both parties have jointly paused their appeals, which confirms that they are ready to settle and reach a final resolution. 

Both parties recently filed a status report before the appeals court, in which they asked for an extension of the pause on the case while they get an indicative ruling from Judge Analisa Torres. Abraham noted the joint motion, which has been filed in the Ripple vs. SEC lawsuit, for this indicative ruling. 

He explained that both parties seek Judge Torres to dissolve the injunction against Ripple and lower the civil penalty against the crypto firm to $50 million. The expert remarked that this isn’t just a “slap on the wrist” but a public signal that Ripple won. Abraham added that institutions are watching. 

As to what happens next, the expert is confident that Judge Torres will issue her final ruling in the Ripple vs. SEC lawsuit, likely validating that XRP is not a security. When this happens, Abraham predicts that every institution sitting on the sidelines gets the green light. This is what he described as the “regulatory breakout” moment. Basically, this would clear the “legal cloud” over XRP for good. 

XRP ETFs On The Horizon

With the Ripple vs. SEC lawsuit in its final chapter, Abraham is confident that the XRP ETFs could get approval anytime soon. He noted that these funds have just entered their public comment phase. Meanwhile, their approval odds in 2025 are over 90% based on current legal momentum, clarity, and market demand. Based on this, the expert declared that the “ETF floodgate is about to burst.”

He then proceeded to highlight the factors that will be the setup for the next XRP bull cycle, including the Ripple vs. SEC lawsuit. The end of the lawsuit will bring about regulatory clarity and also open the path for approval for the XRP ETFs. These ETFs will lead to institutional access. Meanwhile, Abraham predicts that XRP’s global use case will explode in the process, with utility demand being greater than retail speculation. 

At the time of writing, the XRP price is trading at around $2.17, up in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $2.18 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, 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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Anthony Pompliano’s ProCap BTC files 8-K with U.S. SEC to go public via merger
GameFi Guides

ProCap BTC files 8-K with U.S. SEC to go public via merger

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Anthony Pompliano’s Bitcoin-focused firm, ProCap BTC, has filed an 8-K with the U.S. Securities and Exchange Commission to go public through a merger with Columbus Circle Capital Corp I, a blank-check company.

A June 25 announcement, shared by Pompliano on X, outlines a business merger that would form ProCap Financial, Inc., a Nasdaq-listed entity. The move comes after a series of high-profile events for the company, demonstrating its intention to develop institutional infrastructure around Bitcoin (BTC). 

Just a day before the filing, ProCap disclosed the purchase of 3,724 BTC, worth approximately $387 million, at an average price of $103,785 per coin. In addition, the company recently raised more than $750 million, which included $225 million in convertible debt and $550 million in equity. The funds will support its long-term strategy of treating Bitcoin as a primary treasury asset, according to investor materials.

ProCap aims to differentiate itself from traditional financial firms by generating yield on Bitcoin holdings while offering products for institutional investors. If the merger is completed, ProCap would become one of the top 15 publicly traded corporate Bitcoin holders globally, according to data from Bitcointreasuries.com.

The special-purpose acquisition company merger route comes as more crypto-native companies explore public listings amid increasing regulatory clarity in the U.S. ProCap’s planned listing joins several digital asset firms seeking market legitimacy through public offerings.

As part of the process, Columbus Circle and ProCap will submit a registration statement to the SEC, including a joint prospectus and proxy materials. Investors and stakeholders are encouraged to review those filings once available.

Pompliano, a long-time Bitcoin advocate, has positioned ProCap as a pure-play on BTC’s future as institutional demand grows. With significant capital raised and a clear focus on Bitcoin-native financial services, the firm is shaping up to be one of the most closely watched crypto listings of 2025.





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Pro-XRP Lawyer Ends Speculation on Ripple v. SEC Final Verdict Delay
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Pro-XRP Lawyer Ends Speculation on Ripple v. SEC Final Verdict Delay

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There was a lot of speculation about a possible two-year delay in the SEC v. Ripple case, but pro-XRP attorney Bill Morgan has now shut that down. After a post went viral saying the final decision might not be made until late 2026, Morgan said that is not going to happen unless Judge Torres rejects the current joint request. 

Morgan says the better outcome is probably going to be that both sides accept the summary judgment, penalty and permanent injunction. There is still a small chance of the settlement breaking down, and then there could be two appeals, but it is not that likely.

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This comes after Ripple and the SEC recently asked for an indicative ruling again, after Judge Torres’s original refusal of the motion back in May. The court is now waiting for an SEC filing that is due by mid-August.

In the meantime, the XRP community is left wondering whether Judge Torres might change any part of her previous decision. This uncertainty led to predictions of a long legal process, including the “late 2026” timeline that Morgan’s comment effectively dismissed as overblown.

What are odds?

Marc Fagel, who used to be the SEC regional director, also had his say last week, offering a more considered opinion. He said it is hard to say whether the judge will change her decision, and that “it could go either way.” But so far, no legal voice has backed the idea of a delay extending into 2026, so it is more of a fringe prediction than a likely path.

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If the court rules in line with what the parties expect, it will then lift the injunction, releasing $50 million to the SEC and returning $75 million to Ripple. Once that is done, the SEC’s appeal and Ripple’s cross-appeal could be thrown out, putting an end to the case that kicked off in December 2020.

In the meantime, the clock is ticking toward August, but not, it seems, toward 2026.



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Shaurya Malwa
NFT Gaming

Bloomberg Analysts See 90% Chance SEC Clears Most Crypto ETFs Filings

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Odds are stacked that the U.S. Securities and Exchange Commission approves most of the filed crypto exchange-traded funds, including the various XRP ETFs, by their respective deadlines, according to Bloomberg Analysts James Seyffart and Eric Balchunas.

“We are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher,” Bloomberg Intelligence’s James Seyffart said in a post on X. “Engagement from the SEC is a very positive sign in our opinion.”

According to the analysts, ETFs for assets like Litecoin, Solana, XRP, Dogecoin, and Cardano all now sit at or above the 90% mark.

(Bloomberg)

These estimates reflect growing optimism from ETF specialists following a wave of 19b-4 acknowledgements and S-1 amendment requests from the Securities and Exchange Commission.

Analysts view this back-and-forth process as a signal that the SEC is now more willing to work with issuers.

The only asset lagging behind is SUI, filed solely by Canary. Bloomberg assigns it a 60% chance of approval, citing a lack of regulated futures and regulatory uncertainty.

Bettors on Polymarket are also feeling optimistic.

(Polymarket)

They are giving a 98% chance that an XRP ETF gets approved this year, and a 91% chance a SOL ETF gets the green light. It’s also likely that a DOGE ETF gets a go-ahead, with bettors giving that a 71% chance of happening.



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