SEC Embraces Crypto Assets, Examining Dogecoin and XRP ETF Applications

SEC拥抱加密资产，检查狗狗币和XRP ETF应用

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.

随着加里·贡斯勒（Gary Gensler）的离开，美国证券交易委员会（SEC）已经改变了对加密货币的立场，采用了一种更和解的方法。这一转变为SEC考虑加密ETF应用程序铺平了道路，包括Grayscale Investments提交的Dogecoin和XRP的申请。

SEC Acknowledges Grayscale ETF Applications

SEC确认灰度ETF应用

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是有史以来第一个Solana ETF背后的先驱，他因其Dogecoin和XRP ETF应用而获得了SEC的官方认可。这种认可启动了240天的行政审查过程，并在10月中旬的决定截止日期。

Significance of SEC's Recognition

SEC认可的意义

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的认可表示与以前的立场背道而驰，即使含糊不清的意图也符合拒绝。这种演变反映了SEC内部的更广泛的转变，在特朗普政府的影响下，这已经变得更加容纳数字资产。

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.

彭博社的分析师分析了XRP ETF的65％批准概率，而Dogecoin ETF的概率为2025年底之前的75％概率。Litecoin脱颖而出，今年估计的批准概率为90％。

Challenges for Dogecoin and XRP ETFs

Dogecoin和XRP ETF的挑战

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.

狗狗币通常被认为是一种模因，它可能会从已经批准ETF的资产中受益于比特币的相似之处。另一方面，XRP由于SEC对Ripple的持续诉讼而面临法律障碍，指控XRP的地位是安全的。

SEC's Move Towards Lenient Crypto Regulation

SEC朝着宽大的加密法规迈进

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·贡斯勒（Gary Gensler）的领导下，SEC采取了对加密货币的敌对立场。但是，随着他的离开，该机构表示愿意提供明确的法规并探索加密资产的潜在好处。

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对加密ETF应用的认可标志着朝着此类产品的潜在批准迈出的重要一步。但是，仍然存在挑战，包括监管不确定性以及SEC关于XRP和Solana等资产的进一步澄清的需求。