SEC Embraces Crypto Assets, Examining Dogecoin and XRP ETF Applications

SEC擁抱加密資產，檢查狗狗幣和XRP ETF應用

With the departure of Gary Gensler, the Securities and Exchange Commission (SEC) has shifted its stance on cryptocurrencies, adopting a more conciliatory approach. This shift has paved the way for the SEC to consider crypto ETF applications, including those for Dogecoin and XRP submitted by Grayscale Investments.

隨著加里·貢斯勒（Gary Gensler）的離開，美國證券交易委員會（SEC）已經改變了對加密貨幣的立場，採用了一種更和解的方法。這一轉變為SEC考慮加密ETF應用程序鋪平了道路，包括Grayscale Investments提交的Dogecoin和XRP的申請。

SEC Acknowledges Grayscale ETF Applications

SEC確認灰度ETF應用

Grayscale, the pioneer behind the first-ever Solana ETF, has received official recognition from the SEC for its Dogecoin and XRP ETF applications. This recognition initiates a 240-day administrative review process, with a decision deadline of mid-October.

Grayscale是有史以來第一個Solana ETF背後的先驅，他因其Dogecoin和XRP ETF應用而獲得了SEC的官方認可。這種認可啟動了240天的行政審查過程，並在10月中旬的決定截止日期。

Significance of SEC's Recognition

SEC認可的意義

The SEC's recognition signifies a departure from its previous stance, when even vague intentions to file crypto ETF applications were met with rejections. This evolution reflects a broader shift within the SEC, which under the influence of the Trump administration, has become more receptive to digital assets.

SEC的認可表示與以前的立場背道而馳，即使含糊不清的意圖也符合拒絕。這種演變反映了SEC內部的更廣泛的轉變，在特朗普政府的影響下，這已經變得更加容納數字資產。

Bloomberg's Approval Probabilities

彭博的批准概率

Analysts at Bloomberg assign a 65% probability of approval for an XRP ETF and a 75% probability for a Dogecoin ETF before the end of 2025. Litecoin stands out with an estimated approval probability of 90% this year.

彭博社的分析師分析了XRP ETF的65％批准概率，而Dogecoin ETF的概率為2025年底之前的75％概率。Litecoin脫穎而出，今年估計的批准概率為90％。

Challenges for Dogecoin and XRP ETFs

Dogecoin和XRP ETF的挑戰

Dogecoin, often perceived as a memecoin, may benefit from its similarities to Bitcoin, an asset that already has approved ETFs. XRP, on the other hand, faces legal hurdles due to the SEC's ongoing lawsuit against Ripple, alleging XRP's status as a security.

狗狗幣通常被認為是一種模因，它可能會從已經批准ETF的資產中受益於比特幣的相似之處。另一方面，XRP由於SEC對Ripple的持續訴訟而面臨法律障礙，指控XRP的地位是安全的。

SEC's Move Towards Lenient Crypto Regulation

SEC朝著寬大的加密法規邁進

Under Gary Gensler's leadership, the SEC adopted a hostile stance towards cryptocurrencies. However, with his departure, the agency has signaled a willingness to provide clear regulation and explore the potential benefits of crypto assets.

在加里·貢斯勒（Gary Gensler）的領導下，SEC採取了對加密貨幣的敵對立場。但是，隨著他的離開，該機構表示願意提供明確的法規並探索加密資產的潛在好處。

Outlook for Crypto ETFs

加密ETF的前景

The SEC's recognition of crypto ETF applications marks a significant step towards the potential approval of such products. However, challenges remain, including regulatory uncertainty and the need for further clarification from the SEC regarding assets like XRP and Solana.

SEC對加密ETF應用的認可標誌著朝著此類產品的潛在批准邁出的重要一步。但是，仍然存在挑戰，包括監管不確定性以及SEC關於XRP和Solana等資產的進一步澄清的需求。