## Crypto ETFs: A Friendlier Climate on Capitol Hill?
The winds of change may be blowing on Capitol Hill regarding cryptocurrency and exchange-traded funds (ETFs). Here’s a quick rundown of what’s happening:
- **Positive Shift:** According to Teucrium CEO Sal Gilbertie, regulators are now more welcoming towards crypto innovation, a stark contrast to the previous administration.
- **XXRP ETF Success:** Teucrium’s 2x Long Daily XRP ETF (XXRP), which aims to double the daily performance of XRP, has seen significant gains since its launch.
- **Regulatory Tone:** Gilbertie notes a shift from an “antagonistic” approach to a more receptive one from regulators.
- **Investor Awareness:** Gilbertie emphasizes the importance of investors understanding the products they’re investing in, especially with new offerings like crypto ETFs.
- **ICI’s Perspective:** Investment Company Institute CEO Eric Pan sees the SEC actively engaging with industry players, a positive sign for the future of crypto regulation.
- **Similar Process:** The regulatory process for crypto ETFs is similar to that of traditional ETFs, with regulatory certainty being key.
- **Innovation Encouraged:** Pan advocates for competition and innovation in the ETF space.
- **GENIUS Act:** The recent signing of the GENIUS Act, regulating stablecoins, further supports the positive momentum for crypto in the U.S.
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