XRP ETF Launch Would Be 'Final Nail In Coffin Of Previous Anti-Crypto Regulators,' NovaDius Wealth Management President Nate Geraci Says

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The launch of spot XRP exchange-traded funds would mark a watershed moment for the U.S. cryptocurrency industry, NovaDius Wealth Management President Nate Geraci says.

Geraci said Monday on X that the launch of spot XRP ETFs would be the “final nail in coffin of previous anti-crypto regulators.”

Geraci’s remarks come as XRP ETFs are expected to launch this month following updates to registration statements from prospective issuers such as Bitwise and Canary Capital. The updates take advantage of so-called generic listing standards created by the Trump administration’s pro-cryptocurrency Securities and Exchange Commission to bypass the extended government shutdown.

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Specifically, the issuers have removed so-called “delaying amendments,” allowing filings that meet the generic listing standards to automatically go live within 20 days. The amendment had given the SEC time to offer feedback on the filings.

Up until a few months ago, the SEC was embroiled in an extended legal battle with Ripple, a blockchain payments firm founded by the creators of XRP. The lawsuit alleged that Ripple’s sale of XRP represented an unregistered securities offering.

For many, the case against Ripple marked the beginning of a regulatory broadside led by the SEC against the cryptocurrency industry, which intensified under the Biden administration. Then-SEC Chair Gary Gensler launched several enforcement actions against cryptocurrency companies, alleging that most cryptocurrencies were unregistered securities.

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In President Donald Trump‘s second term, however, regulators have softened their stance on the cryptocurrency sector. The shift follows Trump's appointment of several cryptocurrency proponents to top regulatory posts, including Paul Atkins as SEC chair.

In addition to generic listing standards speeding up the approval of spot cryptocurrency ETFs, the Atkins-led SEC has launched an initiative called “Project Crypto” to enable U.S. financial markets to move on-chain.

Geraci said the cryptocurrency industry has “come a long way,” highlighting the sharp shift in the U.S. regulatory climate for cryptocurrencies over the past year.

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This article XRP ETF Launch Would Be 'Final Nail In Coffin Of Previous Anti-Crypto Regulators,' NovaDius Wealth Management President Nate Geraci Says originally appeared on Benzinga.com

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