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The Securities and Exchange Commission (SEC) has officially recognized Canary Capital’s proposal for a Litecoin ETF and invited public input as the potential for a US listing grows. Multiple fund managers have recently submitted applications for altcoin ETFs to the securities regulator. However, according to Bloomberg ETF analyst Eric Balchunas, Canary Capital’s Litecoin ETF is the only one that has advanced past the initial stage. Litecoin ETF Approval Incoming? In his latest update , Balchunas noted that Canary Capital’s Litecoin ETF is the first altcoin 19b-4 filing to be acknowledged by the agency. He pointed out that all other similar applications were effectively shut down, as firms were instructed to withdraw them by Gary Gensler’s SEC. With the Commission’s comments on the S-1 and the acceptance of this filing, the Litecoin ETF is now the most advanced among altcoin proposals, having met all necessary regulatory requirements. As such, the key question remains whether the SEC will take the full 240-day review period to reach a decision or opt for a faster approval process – something that, at this stage, remains uncertain. According to the SEC’s January 29 filing , the public has a 21-day window from the document’s publication in the Federal Register to submit opinions on the proposed fund. This feedback will help shape the regulator’s decision-making process. After the comment period ends, the SEC has up to 45 days to reach a conclusion, though it retains the right to extend the review period to 90 days if needed. The final outcome will involve approval, rejection, or a more detailed examination of the ETF application. Polymarket Odds Favor Litecoin ETF Approval During Gensler’s tenure as SEC Chair, the agency frequently postponed decisions on crypto ETFs. It was also notorious for often delaying approvals until the final deadline. However, since his departure, the regulatory landscape is expected to shift. Acting Chair Mark Uyeda has shown a more receptive attitude toward crypto-related financial products, which has led to a surge in ETF applications beyond just Bitcoin. This shift has fueled optimism among crypto investors. In fact, traders on Polymarket, a decentralized prediction platform, have placed an 86% probability that the SEC will approve a Litecoin ETF this year. The recent development surrounding Canary Capital’s Litecoin ETF proposal has had a significant positive impact on Litecoin’s price. Over the past day, LTC surged nearly 20%, trading above $132. The latest price movement has also strengthened the crypto asset’s monthly gains, bringing it closer to approximately 28%. Additionally, on-chain data hints at growing whale accumulation, which could be indicative of large investors positioning themselves in anticipation of a possible ETF approval. The post Litecoin ETF One Step Closer to Approval: Will the SEC Finally Say Yes? appeared first on CryptoPotato .
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Kraken Announces New Onchain Crypto Staking Program for US Clients Two Years After SEC Crackdown
One of the top US-based crypto exchanges is launching a revamped crypto staking program two years after the U.S. Securities and Exchange Commission (SEC) forced a similar initiative to shutter. According to Kraken , US clients in 37 states and two territories can stake 17 assets onchain starting today. Kraken clients residing in Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Louisiana, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Virginia, West Virginia, Wyoming, District of Columbia, and Puerto Rico can now stake Ethereum ( ETH ), Solana ( SOL ), Cosmos ( ATOM ) and 14 other Proof-of-Stake tokens through the exchange. Says Mark Greenberg, Kraken Global Head of Consumers, of the staking re-launch, “Launching this new staking product in the US is an overwhelmingly positive development, not just for Kraken but also for the entire US crypto space. We are excited to bring back a brand new product enabling US clients to resume staking with Kraken and play a significant role in bolstering the underlying security of blockchain networks.” The announcement comes two years after the SEC ordered Kraken to discontinue its staking-as-a-service program. Kraken also had to pay $30 million to settle the suit. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/FlashMovie The post Kraken Announces New Onchain Crypto Staking Program for US Clients Two Years After SEC Crackdown appeared first on The Daily Hodl . Crypto Potato
Venmo Co-Founder Releases Fair-Launch Token for New Platform, JellyJelly
The argument for Pump.Fun serving as a platform to launch an ICO (initial coin offering) is picking up steam again after Venmo’s co-founder, Iqram Magdon-Ismail, launched a token on the memecoin launchpad alongside venture investor Sam Lessin. The token, JellyJelly, is linked to an app with the same name focused on content creation and clipping. The founders tout it as “The fastest way to post clips from a video chat.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io Crypto Potato
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