21 Aug 2025
📈SEC Designates Longer Time for Cboe Rule Change on Canary XRP Trust
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of Canary XRP Trust Under BZX Rule 14.11(e)(4) (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission has extended the period to consider a proposed rule change by Cboe BZX Exchange for listing and trading shares of the Canary XRP Trust. The decision aims to allow sufficient time for careful consideration of the proposal and the issues it raises within the regulatory framework for cryptocurrency.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text discusses a proposed rule change regarding the listing and trading of shares for the Canary XRP Trust. Business owners and executives need to monitor the SEC’s decision, as this impacts the regulatory landscape for cryptocurrency-related investments—potentially affecting market access and compliance requirements.