New SEC Chair Paul Atkins Under Pressure With 72 Crypto-Related ETF Applications, $XRP Leads Filings
Among Atkins's responsibilities is decision-making on 72 crypto-related ETFs
$XRP has the most filings so far, but $SOL applications are also piling up
Atkins is known for his pro-innovation and anti-regulatory overreach views
Paul Atkins has officially been sworn in as the new chair of the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency industry is watching him closely as he has a full-packed schedule ahead of him with over 70 crypto exchange-traded funds (ETFs) to check.
In a statement after he was sworn in on Monday, Atkins said he looks forward to ensuring that "the U.S. is the best and most secure place in the world to invest and do business."
On Crypto Twitter, where crypto holders discuss Atkins's role, the focus of talks is his massive responsibility to decide on the piled-up crypto ETFs that have yet to be approved or rejected. Atkins Faces Pressure Over Crypto ETFs
Former Acting Chair Mark Uyeda has swiftly made progress in some of the applications around crypto-related ETFs, but none of them have been officially greenlit yet, and at this point, all eyes are on Atkins.
Data compiled by senior Bloomberg ETF analyst James Seyffart revealed that as of Monday, there are 72 crypto-related ETFs. "Gonna be a wild year," said Eric Balchunas, another senior ETF analyst for Bloomberg.
There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year. Great roundup from @JSeyff pic.twitter.com/IHTqqxeH35 — Eric Balchunas (@EricBalchunas) April 21, 2025 $XRP Takes Top Spot in Most Filings
Based on Seyffart's list, XRP, the native token of the XRP Ledger, has the most filings, including the first-mover filing from asset manager Bitwise and the more recent application from veteran asset management firm Franklin Templeton.
Another popular cryptocurrency that has seen successful filings in recent weeks is Solana (SOL), the native coin of the Solana blockchain.
There have also been filings for meme coins, which was initially a divisive option in the crypto space when the conversation first popped up under former SEC Chair Gary Gensler.
Once U.S. President Donald Trump took power, hopes for a potential meme coin ETF have climbed, paving the way for meme token ETF applications, including one from Grayscale for a Dogecoin (DOGE) ETF, and a filing from 21Shares for a Polkadot (DOT) ETF. Will SEC Approve New Crypto ETFs Under Atkins?
When Trump nominated Atkins to take the SEC chairmanship, the crypto space celebrated, given his background as a pro-innovation advocate and his past comments about blockchain technology.
He has yet to comment on crypto ETFs, but he did signal support for the emerging sector.
During his Senate confirmation hearing, Atkins said he believes "clear rules of the road benefit all market participants." Quite interestingly, many crypto leaders have called on the SEC under Gensler to provide clear rules on how to go about with their business.
🔥Paul Atkins is sworn into the SEC following the resignation of Gary Gensler. Atkins spoke on how regulations affect markets and investors: "They can stoke innovation, facilitate investment goals & create oporuntites" $BTC
As we all know, Atkins is a friend of Brian Brooks, a… pic.twitter.com/mPffPScVTe
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Int'l Business Times
a day ago
- Int'l Business Times
Key Insights from Gemini's State of Crypto Report and the Push for Widespread Adoption
Gemini is making waves with its ambitious product rollout and industry insights. From the shift in crypto's energy to major policy impacts and the narrowing gender gap, Gemini's latest moves offer a glimpse into the future of digital assets and adoption. Here are some takeaways from Gemini's 2025 State of Crypto Report: The Changing Energy in Crypto The atmosphere surrounding the industry feels different this year. Optimism remains, but gone is the irrational exuberance of wild speculation. Builders are staying focused during a recovery phase. A Gemini representative explained, "Prices have certainly contributed to the optimism, but this time it feels more grounded. The excitement is directed toward innovation and longer-term growth rather than quick profits." Gemini's Bold Bet on Bitcoin Credit Cards Move over, traditional rewards cards. Gemini has made a statement with its Bitcoin credit card, a product designed to transform everyday spending into crypto opportunity. Clad in striking orange, the card offers more than sleek aesthetics, doubling as a gateway to earning real assets like Bitcoin, Ethereum, and Solana. Gemini shuns the speculative token scene, opting instead for stability and choice. Cardholders are free to shuffle between their crypto assets whenever they please, positioning the product as a tool for financial control and steady accumulation. "We wanted to create something practical and future-oriented," a Gemini official disclosed. "The ability to earn rewards in your preferred digital currency aligns with where the market is headed." Closing the Gender Gap in Crypto Gemini's latest State of Crypto report reveals a striking development in the world of digital assets: the gender gap among crypto investors is shrinking. Long seen as a boys' club, the crypto space is opening up, with more women stepping in and expressing confidence in the technology. It's a subtle yet significant shift that points to a future where participation in the digital economy is more balanced. "We've seen the needle move thanks to efforts aimed at education and access," they explained. Gemini's findings point to streaming adoption across demographics, signaling that crypto's appeal is broadening as it becomes more mainstream. Trump Administration and Crypto Policies A transformation is underway in the regulatory approach to cryptocurrency. Years of uncertainty, where rules were more suggestion than law, are being replaced by a calculated effort to impose structure on the industry. "A new era of rulemaking is taking hold," a Gemini spokesperson commented, citing the Genius Act and legislative proposals from Senator Cynthia Lummis as examples of the industry moving toward structured innovation and accountability. The future of crypto looks dynamic. Between evolving user profiles, innovative products, and a maturing regulatory landscape, the building blocks for growth are solidifying. The market seems poised not just to expand but to redefine itself on more stable, sophisticated ground. 2025 could mark the era where crypto enters its next chapter—not with explosive speculation, but with solid groundwork for sustainable adoption.
Int'l Business Times
a day ago
- Int'l Business Times
XRP's Key Support Zones Tested as Bearish Pressure Mounts
XRP finds itself at an inflection point, its price wavering near key thresholds. Technical indicators are flagging possible vulnerabilities, leaving traders on edge. It's a fragile moment for the cryptocurrency, where the slightest misstep could accelerate momentum to the downside. XRP Faces Pressure, Hovering Near $2 On Monday, XRP slipped nearly 1%, settling at $2.1540 and directing market attention to its crucial $1.76 support zone. The technical backdrop isn't promising. Its RSI has dropped to 39, signaling weakening momentum, while the MACD sits firmly in bearish territory, flashing red below the neutral line. If current trends persist, XRP could face an 18% drop, testing its $1.76 safety net. However, the $2 range isn't going down without a fight. The token managed a rebound to $2.08 over the weekend, suggesting this area remains a pivotal line of defense for long-term holders. Ripple's ongoing legal battle with the SEC continues to hover over XRP's future. A newly raised question about the interpretation of the Howey Test has added complexity to the case, keeping regulatory uncertainty front and center. On the macro level, Bitcoin's extended consolidation phase is fostering a risk-averse tone in the market. This sentiment is mirrored by the $28 million in outflows from XRP investment products over the past week. Can XRP Break Above $2.56? Though bearish sentiment currently dominates, a handful of analysts suggest there's potential for brighter days ahead. Using a mix of Elliott Wave Theory and Wyckoff reaccumulation analysis, some experts see signs of an impending bullish breakout. Crypto analyst 'Charting Prodigy' shared via X that XRP might have concluded its corrective Wave 2 and could be setting up for an explosive sub-wave 3. A break past $2.56 could ignite a decisive rally for XRP, with potential targets stretching from $2.9 to a bold $3.4, according to the latest analysis. Developing Wyckoff accumulation patterns, paired with a bullish divergence on the MACD, add weight to the optimistic outlook, signaling momentum that could redefine the coin's trajectory. What's Next for XRP? Key levels are in play for XRP, with $2 and $1.76 acting as critical supports that could make or break the current trajectory. A slide below these points risks opening the floodgates to deeper losses. Conversely, clearing $2.56 with conviction could spark a rally that alters the narrative entirely. The tug-of-war between bearish pressure and potential recovery leaves the market on edge. All eyes are on these thresholds as XRP's future hangs in the balance.
Int'l Business Times
3 days ago
- Int'l Business Times
Allnodes Launches Bare-Metal Servers for Solana Validators and Builders
Los Angeles, USA, June 11th, 2025, Chainwire Allnodes, a provider of non-custodial staking and node hosting services, has introduced a new range of bare-metal servers tailored specifically for Solana validators and infrastructure developers. Designed to meet Solana's stringent performance requirements, these single-tenant servers offer high throughput, low latency, and enterprise-grade reliability, without requiring users to manage on-premises hardware. Infrastructure Optimized for Solana Validator Demands The new hosting solution is engineered to exceed Solana's baseline validator specifications, ensuring consistent performance even during periods of network congestion. Each server is powered by AMD's latest-generation EPYC Turin processors, starting with the 24-core 9275F (up to 4.8 GHz Max Boost) and scaling to the 64-core 9575F (up to 5.0 GHz Max Boost). Standard configurations include 256GB of DDR5 ECC RAM running at 4800 MHz, with available upgrades up to 3072GB at 4000 MHz or 1280GB at 6400 MT/s. This flexibility supports validators leveraging Jito-Solana infrastructure and those requiring enhanced Maximal Extractable Value (MEV) handling. Storage capabilities feature Gen 5 NVMe SSDs with up to 7.68TB capacity. Solidigm D7-P5310 drives, capable of delivering read speeds of 14,500 MB/s and 3.1 million IOPS, are included to support high I/O demands and rapid ledger access. Network performance includes dual 25 Gbit/s ports, with upgrade options to dual 100 Gbit/s connections. All servers are hosted in Tier 3.5+ data centers in Germany, providing redundant power systems, advanced cooling, DDoS protection, and 99.99% uptime. Validator-Centric Features Allnodes' offering allows validators to retain full operational control while offloading infrastructure management. Clients are provided with 24/7 access to the Intelligent Platform Management Interface (IPMI) and BIOS for remote hardware management. Customized configurations are provisioned within 24 hours, and 24/7 technical support is available for maintenance and optimization. The service offers a fixed-cost alternative to self-hosting, combining predictable pricing with enterprise-level performance via the AMD EPYC Turin architecture. About Allnodes Allnodes delivers blockchain infrastructure solutions with a focus on non-custodial staking and node hosting. Supporting over 120 networks and tens of thousands of nodes, the platform manages nearly $3 billion in staked assets. Allnodes emphasizes performance, transparency, and reliability, enabling individuals and institutions to participate in decentralized networks. Contact: Website: Email: support@ Twitter: @Allnodes Contact Support support@
