The Fate of Ripple and These Altcoins Will Be Determined by the New President: Bitwise Is Hopeful! - Coin Bulletin

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Following the appointment of SEC's new chairman Paul Atkins, the approval process for Bitcoin, Ethereum, and Dogecoin-based ETFs may accelerate, but this process may take longer for other crypto assets.

Bitwise General Counsel Katherine Dowling stated that while waiting for the approval of the appointment of Paul Atkins, the (SEC) Chairman of the U.S. Securities and Exchange Commission, the determination of the securities status of crypto assets should be made by the new leadership.

Dowling specifically stated that the new president will decide whether assets like Solana (SOL) and Ripple (XRP) are securities.

Dowling predicts that the approval process for the ETF based on Bitcoin and Ethereum combination could proceed quickly, while indicating that the approval of ETFs based on other crypto assets could take longer.

Additionally, it was stated that the approval of the ETF based on DOGE could be easier due to the SEC not considering Dogecoin (DOGE) as a security.

SEC's decisions during this period are of great importance to cryptocurrency investors and the market. The developments in the approval process of cryptocurrency ETFs can play a critical role in resolving regulatory uncertainty in the sector.

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