XRP ETF: Will Crenshaw’s Stubborn Soul Crush Crypto Dreams? 😱

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Ah, the tormented soul of Caroline Crenshaw, that implacable guardian of the SEC’s moral fortress, has once more cast her shadow over the trembling hopes of the XRP ETF. Her unrelenting opposition to the digital asset exchange-traded products-a modern-day Quixote tilting at the windmills of crypto-has plunged the approval odds from a lofty 90% to a mere 65%, according to the oracles at Polymarket. 🌪️

In a series of 13 internal SEC votes-a veritable Via Dolorosa for crypto enthusiasts-Crenshaw stood alone, a solitary dissenter amidst a sea of approval. While her comrades embraced the alignment of Bitcoin and Ethereum ETFs with the sacred commodity funds of gold, she remained unmoved, her skepticism a fortress against the encroaching tide of innovation. 🏰

Her disdain extends beyond ETFs, for she has also turned her critical gaze upon liquid staking and USD-pegged stablecoins, declaring them legally frail and deceitful. Ah, the irony! She objects to the marketing of stablecoins as “digital dollars,” as if the very concept of money itself were not a grand illusion. 🤑

The chill of her disapproval has spread, cooling the once-feverish sentiment around XRP ETFs. Even the successful launch of ProShares’ leveraged XRP ETF (UXRP) in July could not thaw the frost of her resistance. Yet, some optimists-like Bloomberg’s Eric Balchunas-cling to hope, believing the SEC may yet bless altcoin ETFs, including XRP, now that it meets the sacred six-month derivatives trading requirement. 🌟

Whispers of a BlackRock XRP ETF have begun to circulate, fueled by the news that its Director of Digital Assets will grace Ripple’s Swell 2025 event. Ah, the theater of it all! Will this be the dawn of a new era, or merely another act in the tragicomedy of crypto regulation? 🎭

Yet, even as the infrastructure improves and institutional support grows, Crenshaw’s steadfast resistance serves as a reminder: approval may not come swiftly or easily. For in the world of crypto, as in the depths of the human soul, hope and despair are eternal companions. 🌓

Disclaimer: The musings contained herein are but the ramblings of a tormented mind and should not be construed as financial, investment, or trading advice. Coindoo.com bears no responsibility for the decisions of those who dare to dream. Always consult the wisdom of a licensed financial advisor before venturing into the abyss of investment. 🧙♂️

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2025-08-07 12:07