BREAKING: President Trump issues an Executive Order which closes the Federal Government on Christmas Eve and December 26th.
The order is effective immediately.
Big news: The Bitwise XRP ETF is set to begin trading on NYSE tomorrow with the ticker $XRP.
It has a management fee of 0.34%, which is waived for the first month on the first $500M in assets. This product brings investors spot exposure to XRP, the crypto asset that aims to modernize global payments.
Here’s why XRP is interesting:
- It's one of the longest-running blockchains, with a 13-year track record and super vibrant community of supporters
- It's the world’s 3rd-largest digital asset, with a $125B market cap*
- It’s going after a massive $250T cross-border payments opportunity
- It can settle payments in 3-5 seconds for fractions of a cent
- A growing list of assets are being tokenized on XRP Ledger, including U.S. Treasuries, digital commercial paper, private credit, and money market funds
Our mission at Bitwise is to provide access to the most exciting themes in crypto. We’re thrilled to launch $XRP and bring XRP’s potential real-world impact to investors through a professionally managed investment vehicle. Learn more at bitxrpetf.com.
‼️🇻🇪🇺🇲 The Venezuelan army, in response to Donald Trump’s threats, is preparing to face U.S. forces and, to defend the coastline, is carrying out a live-fire drill with a Zu-23 anti-aircraft cannon from the deck of a Los Frailes-class ship.
See the latest updates with us: @NSTRIKE1231
If this were my daughter, I would literally devote the rest of my life to destroying every person involved in this, from the politicians, to the judges, to the friends and family of the murderer.
Full Punisher.
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.
🚨NEW per my @FoxBusiness colleague @EdwardLawrence: The #crypto executive order has officially been signed.
Here are the details:
📌The Executive Order establishes the Presidential Working Group on Digital Asset Markets to strengthen U.S. leadership in digital finance.
📌The Working Group will be tasked with developing a Federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile.
📌The Working Group will be chaired by the White House AI & Crypto Czar @DavidSacks and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies.
📌The White House AI & Crypto Czar will engage leading experts in digital assets and digital markets to ensure that the actions of the Working Group are informed by expertise beyond the Federal Government.
📌The Executive Order directs departments and agencies with identifying and making recommendations to the Working Group on any regulations and other agency actions affecting the digital assets sector that should be rescinded or modified.
📌The Executive Order prohibits agencies from undertaking any action to establish, issue, or promote central bank digital currencies (CBDCs).
📌The Executive Order revokes the previous Administration’s Digital Assets Executive Order and the Treasury Department’s Framework for International Engagement on Digital Assets which suppressed innovation and undermined U.S. economic liberty and global leadership in digital finance.
IT'S OVER! The SEC v Ripple case has been quite a journey - thanks for sharing it with me.
$125 Million penalty and a GENERIC injunction Order.
This is a BIG win for Ripple, no doubt about it. Have a Wonderful Day!
Coinbase will re-enable trading for XRP (XRP) on the XRP network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset remain available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
My outrage has grown as the litigation has unfolded.
There is no recourse, there is no consequence to those that brought this lawsuit. The SEC’s pursuit of a policy objective isn’t about “a faithful allegiance to the law”. It’s about power.
BOOM! (And I don't use that term lightly)
The SEC's Motion to Strike the Fair Notice Defense is DENIED.
This is the one I've been waiting for.
NOW the SEC has something to lose.