MEMX Submits 21Shares XRP ETF Listing Application to the U.S. SEC

BlockBeats News, February 18th, according to Cointelegraph, the U.S. securities trading platform MEMX has applied to the U.S. Securities and Exchange Commission (SEC) to allow the 21Shares XRP ETF to be listed as a "commodity-based trust" permit.

This application marks another attempt by a U.S. trading platform to list an ETF containing spot XRP for trading.

The application also highlights a shift in the U.S. Securities and Exchange Commission's (SEC) stance on cryptocurrency, especially as Donald Trump began his second term as President of the United States. In 2020, the SEC sued Ripple, alleging that the blockchain development company had issued unregistered securities when it launched the XRP token.

Previously, part of the case was resolved, with a U.S. judge ruling that the XRP token itself is not a security, but may meet the definition of a security under certain circumstances.