SEC recognizes the submission of Spot XRP in Canary Capital.

The US Securities and Exchange Commission recognized the SPOT XRP ETF on Wednesday. On behalf of Canary Capital, in CBOE BZX Exchange.

Recognizing the proposal in the report, the SEC requested an opinion that would be sent 21 days after the application was announced at the Federal Registration Department. The agency then can decide to approve, non -approval or “files”.

The 19B-4 submission indicates the second step of the two partial processes that propose a crypto ETF to the SEC. Once it is recognized, the submission will be posted in the Federal Registration Department, causing the official approval process of the institution.

The SEC previously recognized the Spot XRP ETF files of 21Shares, Bitwise, Gryscale and Coinshares. Canary Capital is also A Submission of Litecoin ETF recognized by the institution.

Last year, the SEC approved the list Spot Bitcoin ETF and Spot Etf. ETF. As the encryption -friendly Trump administration controls the US government, the publisher has flooded the region for the past few months. In addition, the new encryption task force, led by the Republican SEC commissioner Hester Peirce, plans to determine whether “encryption assets” are securities among many other priorities.

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