Grayscale claims the SEC missed its deadline and is seeking a court order to allow the fund’s launch.
The legal case may delay similar products and increase regulatory uncertainty around digital asset funds.
As major cryptocurrencies, including Bitcoin and XRP, post
gains today, Grayscale Investments has filed a legal challenge against the U.S.
Securities and Exchange Commission after the regulator paused approval of its
Digital Large Cap Fund.
The fund, which includes Bitcoin, Ethereum, XRP, Solana, and
Cardano, was initially approved by the SEC’s Division of Trading and Markets
but was later stayed pending an internal review.
XRP Nears Psychological $3 Level
XRP has approached the key psychological level of $3.
According to the H1 XRP/USD chart, the asset opened the day at 1.54350 and
began moving upward from the second hour of trading. Bullish momentum increased
following a breakout above 2.60000.
After a brief pullback, a bullish engulfing candle pushed
the price to 2.980000. As of writing, the price faced strong resistance at the
day’s high. However, current price action suggests another test of the $3 level
may be likely.
XRPUSD, H1 Chart, Source: TradingView
Analysts See XRP Retesting $3.40
Market analysts have identified a
symmetrical triangle pattern in XRP’s monthly chart, indicating a possible
breakout. The current consolidation phase has lasted over 330 days, and some
chart watchers suggest a move could occur between July and mid-September, based
on typical pattern resolution timelines.
With recent price momentum, some analysts believe XRP could possibly
retest the earlier high of $3.40, depending on how the pattern develops in the
coming weeks.
Grayscale’s legal team has argued that the approval should
be considered final, as the SEC missed its legal deadline to act. The company
has requested that the SEC recognize the approval as effective and is exploring
legal options to lift the stay and move forward with the fund.
Regulatory Pause May Impact Other Products
The SEC’s pause may delay the launch of similar products,
creating uncertainty around regulated access to digital assets. The case
highlights regulatory challenges for crypto-related funds and may influence
future decisions on digital investment products.
As major cryptocurrencies, including Bitcoin and XRP, post
gains today, Grayscale Investments has filed a legal challenge against the U.S.
Securities and Exchange Commission after the regulator paused approval of its
Digital Large Cap Fund.
The fund, which includes Bitcoin, Ethereum, XRP, Solana, and
Cardano, was initially approved by the SEC’s Division of Trading and Markets
but was later stayed pending an internal review.
XRP Nears Psychological $3 Level
XRP has approached the key psychological level of $3.
According to the H1 XRP/USD chart, the asset opened the day at 1.54350 and
began moving upward from the second hour of trading. Bullish momentum increased
following a breakout above 2.60000.
After a brief pullback, a bullish engulfing candle pushed
the price to 2.980000. As of writing, the price faced strong resistance at the
day’s high. However, current price action suggests another test of the $3 level
may be likely.
XRPUSD, H1 Chart, Source: TradingView
Analysts See XRP Retesting $3.40
Market analysts have identified a
symmetrical triangle pattern in XRP’s monthly chart, indicating a possible
breakout. The current consolidation phase has lasted over 330 days, and some
chart watchers suggest a move could occur between July and mid-September, based
on typical pattern resolution timelines.
With recent price momentum, some analysts believe XRP could possibly
retest the earlier high of $3.40, depending on how the pattern develops in the
coming weeks.
Grayscale’s legal team has argued that the approval should
be considered final, as the SEC missed its legal deadline to act. The company
has requested that the SEC recognize the approval as effective and is exploring
legal options to lift the stay and move forward with the fund.
Regulatory Pause May Impact Other Products
The SEC’s pause may delay the launch of similar products,
creating uncertainty around regulated access to digital assets. The case
highlights regulatory challenges for crypto-related funds and may influence
future decisions on digital investment products.
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
