The American Securities and Exchange (SEC) commission opened the comments from the public for two proposals for negotiated funds in exchange for cryptocurrency, or ETF, of the asset manager Franklin Templeton who will be registered on the BZX Options BZX BZX BZX Exchange Franklin Templet exchange.
In separate documents on Tuesday, the SEC said that it had implemented procedures that could allow the US scholarship to list and negotiate the actions of the Franklin XRP ETF and Franklin Solana ETF. The CBOE BZX exchange submitted a draft change of rule with the SEC in March to allow the approval of the investment vehicle, which the regulator delayed in April, pushing its deadline for a decision until Tuesday.
“The institution of procedures does not indicate that the Commission has taken conclusions concerning the questions concerned,” said the SEC in the two files. “On the contrary, the Commission seeks and encourages interested persons to comment on the change of rule proposed.”
When the Federal Register is published, the SEC opinions will effectively push the deadline to decide to approve or disapprove of the Franklin Templeton FNB from 35 days to July. Although the American regulator already has investment vehicles at Spot Green enlightened for Bitcoin (BTC) and Ether (ETH), many companies argue to be the first to be approved for tokens like XRP, Solana (soil) and others.
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American exchanges with proposed announcements of several asset managers have already deposited with the SEC to register and exchange investment vehicles with exposure to soil or XRP, including Bitwise, Proshares and 21shares. The SEC has radically changed its regulatory approach to digital assets under the Trump administration and the president’s choice to chair the agency, Paul Atkins, by removing several large-scale application measures against cryptocurrency companies.
It is not clear if this manipulation of digital assets could extend to ETFs linked to XRP or Solana. However, Trump proposed to have both assets as part of his plans for an American crypto stock.
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