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Showing posts with the label applications

SEC Delays Decision On XRP, Litecoin, Solana, And Dogecoin ETFs

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The US Securities and Exchange Commission (SEC) has postponed decisions on multiple applications for XRP,  Litecoin (LTC), Solana (SOL) and Dogecoin (DOGE) ETFs (exchange-traded funds). The agency said in a March 11 filing  that it has “designated a longer period” to decide on the proposed rule changes that would allow the ETFs to proceed to the next stage. Bloomberg Expert Not Concerned About SEC Delay The affected ETFs include Cboe BZX Exchange’s spot Solana ETF and Grayscale’s XRP ETF filings. The SEC now has until May to reach a decision on these funds. While the SEC has declined to deliver a decision on the ETFs, Bloomberg ETF analyst James Seyffart said he “expected” the delay, calling it part of “standard procedure.” Eth staking and in-kind also delayed. Everything delayed. It's like the NYC-bound Amtrak on monday morning: "Mechanical issues in DC" — Eric Balchunas (@EricBalchunas) March 11, 2025 He added t...

North American Countries Start Applying For BRICS Membership

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The BRICS alliance received applications for membership from countries in Asia, Africa, South America, and Eastern Europe. For the first time, BRICS has officially received an application to join the bloc from a developing country in North America. This puts the spotlight on the US as neighboring nations are finding the de-dollarization agenda lucrative. Also Read: BRICS Country Rejects De-Dollarization, Embraces the US Dollar Around 48 countries have now applied to join BRICS before the October 2024 summit. While 27 countries have formally applied to join the alliance, 21 nations have informally expressed their interest in BRICS membership. Read here to know the major sector that will be impacted if BRICS ditches the dollar for trade. Also Read: BRICS: 12 Countries Ditch US Dollar, Pay 85% Trade in Local Currencies BRICS Membership: North American Country Cuba Applies to Join Alliance Source: The National Interest The North American country Cuba has officially applied for BRICS member...