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    WisdomTree Joins Race for XRP ETF Amid Ripple’s Regulatory Battles and Speculation on Crypto Regulation Changes After Trump’s Victory

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    WisdomTree Funds has applied for an exchange-traded fund (ETF) related to XRP, Ripple’s cryptocurrency. This follows similar applications by Bitwise, Canary Capital, and 21Shares, none of which have yet received approval from the US SEC. The application comes as Ripple awaits the SEC’s postponed appeal on a decision that XRP is not a security. Post Donald Trump’s 2024 presidential victory, there’s speculation around changes in crypto regulation, potentially benefiting firms like Ripple. If successful, an XRP ETF could be introduced earlier than anticipated.

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    New York-based WisdomTree Funds recently applied for an ETF (exchange-traded fund) relating to XRP, the cryptocurrency created by Ripple. This move is a first step in getting approval from the US Securities and Exchange Commission (SEC). WisdomTree isn’t alone in this, though. Other firms including Bitwise, Canary Capital, and 21Shares have also submitted similar applications, but none have got the green light from the SEC so far.

    This filing from WisdomTree comes at a key point for XRP. Back in July 2023, Ripple had a bit of a win when a judge decided that XRP isn’t a security. That didn’t end the battle with the SEC, though – an official appeal of that decision by the SEC in October 2024 was granted a postponement until January 2025.

    There’s been a lot happening since Donald Trump won the 2024 US presidential election. His transition team has been pretty busy, though they haven’t said anything specific about the Ripple case. Even without concrete details, lots of people think there might be a major shake-up in how the federal government handles cryptocurrency regulation. One promising sign was Trump’s campaign promise to make the US the world leader for all things Bitcoin, crypto, and blockchain.

    So what does this mean once Trump is in office? It looks like there might be some pretty big changes to financial governance, with conservative leaders taking over key roles in places like the Treasury. This could also mean the end of Gary Gensler’s time as head of the SEC. If all this pans out, Trump’s administration could bring an end to long-standing lawsuits against firms like Ripple. If that happens, an XRP ETF might become a reality much sooner than people expect.

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