SEC Reviews WisdomTree’s XRP ETF Proposal, Potentially Paving the Way for Cryptocurrency Inclusion in Mainstream Finance

The U.S. Securities and Exchange Commission (SEC) has initiated a review of WisdomTree’s application to launch a spot XRP exchange-traded fund (ETF), signaling a significant step forward in integrating cryptocurrencies into mainstream financial markets. This move is particularly notable as it comes at a time of increasing regulatory openness towards digital assets, with the SEC recently suspending enforcement actions against major exchanges and establishing a Crypto Task Force to develop a framework for digital asset oversight.