The article discusses the regulatory challenges and potential opportunities for Bitwise's proposed ETFs that would hold XRP, solana, and dogecoin. The general counsel of Bitwise, Katherine Dowling, describes the regulatory landscape as "siloed" and notes the need for more cooperation between the SEC and the CFTC. She believes that the new SEC-CFTC crypto task force is a positive development and is hopeful for more clarity and guidance from the SEC under new leadership. Dowling mentions the ongoing litigation against Ripple and the classification of certain assets as securities, which is hindering the progress of ETF proposals. However, she suggests that an ETF holding dogecoin may have an easier path since dogecoin hasn't been labeled as a security by the SEC. In addition, Dowling discusses the possibility of the SEC requiring a regulated market of significant size before approving ETFs, and the potential for solana and XRP futures products. Overall, she emphasizes the need for patience and acknowledges that ETF approval is just one aspect of the SEC's work.



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