Canary Capital has filed to launch the first U.S. spot ETF fully backed by President Donald Trump's meme coin, TRUMP. The filing, under the Securities Act of 1933, marks a Wall Street first for a sitting president’s cryptocurrency project. Regulatory approval faces skepticism due to the absence of TRUMP futures markets, a typical SEC prerequisite. The SEC’s evolving stance under President Trump, along with recent indications that meme coins like TRUMP may not fall under securities regulations, adds complexity to the review. If approved, the ETF could pioneer meme coin integration into mainstream finance amid growing institutional interest in crypto ETFs.
Continue to read Canary Capital Seeks U.S. Spot ETF Approval for President Trump's Meme Coin
Canary Capital has filed to launch the first U.S. spot ETF fully backed by President Donald Trump's meme coin, TRUMP. The filing, under the Securities Act of 1933, marks a Wall Street first for a sitting president’s cryptocurrency project. Regulatory approval faces skepticism due to the absence of TRUMP futures markets, a typical SEC prerequisite. The SEC’s evolving stance under President Trump, along with recent indications that meme coins like TRUMP may not fall under securities regulations, adds complexity to the review. If approved, the ETF could pioneer meme coin integration into mainstream finance amid growing institutional interest in crypto ETFs.
Continue to read Canary Capital Seeks U.S. Spot ETF Approval for President Trump's Meme Coin
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