The SEC’s statement is temporary, mind you. It’s like a five-year lease on a studio apartment-cozy now, but don’t get too attached. Unless the Commission decides to renew, it’s back to the streets for XRP in 2029. But hey, for now, developers have a slightly clearer path, which is more than they’ve had since the last time anyone trusted a crypto regulator.
Yesterday, I marked eleven years at Ripple and found myself wondering how we ever thought the quarrel would end. We spoke in rooms that echoed with promises and the very human fear of being wrong in a right cause. The struggle has, in its grim fashion, been worth its pain. After a day in DC filled with conversations that drifted between clarity and ambiguity with @SenatorHagerty, @berniemoreno, @SenatorTimScott, @JohnBoozman and…
Key Takeaways (or as I like to call ’em, the juicy bits):
A remarkable feat indeed, as this figure soared 46.5% above its previous record, and eclipsed its 300-day average by more than four times, which had previously settled at a modest $274 million. One could only assume that investors had collectively decided to toss their pennies into the stock market wishing well, like children tossing coins into a fountain.
“It’s hard to find people in this space whose opinions aren’t paid for. A lot of times, their opinions are actually paid for.”
The 157-year-old investment bank, usually more at home with suits and ties than hoodies and memes, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC). Their goal? To launch a Bitcoin Premium Income ETF, a move so bold it’s like a dust bowl farmer betting his last dime on rain. According to their prospectus, this ETF is supposed to deliver “current income with a side of capital appreciation,” giving investors a taste of Bitcoin without the heartburn of holding it directly. It’s like having your cake and eating it too, if the cake doesn’t crumble.
Ah, Draper, the modern-day Cassandra of cryptocurrency, whose odyssey with Bitcoin began in the quaint era when $4 per coin seemed a princely sum. He, with the élan of a true visionary, commissioned Peter Vessenes to mine this digital manna using Butterfly Labs chips. Alas, the chips, like fickle lovers, were first seduced by the manufacturer’s own mining endeavors before gracing Draper’s hands.
The report, whispered by The Information, reveals a mood among the exchanges of crypto that danger is no distant rumor but the neighbor at the door, as threats grow craftier under the watchful eyes of machines.
In a move that would make even the most jaded observer raise an eyebrow, Goldman Sachs has filed a registration statement with the U.S. Securities and Exchange Commission. Not for a mere mortal fund, mind you, but for a Bitcoin Premium Income ETF. Ah, the sweet aroma of institutional desperation wafting through the halls of Wall Street!
