The U.S. SEC plans to overhaul spot crypto ETF applications. Under this framework, institutions will have exposure to some of the best cryptos to buy, including Solana and TRUMP. It took more than a decade for the U.S. Securities and Exchange Commission (SEC) to approve the first batch of spot Bitcoin ETFs. After the Winklevoss Twins submitted their initial application in 2013, the SEC rejected it, citing manipulation risks, a lack of proper monitoring tools, and high crypto volatility. By 2023, pressure was mounting, and eventually, Gary Gensler and the SEC approved nine spot Bitcoin ETFs in early 2024. A few months later, spot Ethereum ETFs were approved without a staking feature. By July 8, 2025, spot Bitcoin and Ethereum ETF issuers in the United States collectively managed over $147 billion worth of shares. Among them, BlackRock is the largest, helping issuers manage billions in ETH- and BTC-backed shares. By July 7, institutions had purchased over $216 million in Bitcoin-backed spot Bitcoin ETF shares. (Source) DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 SEC Making Changes To Spot Crypto ETF Applications Before this landmark decision in 2024, the SEC typically took months, or even years, to review and approve a spot crypto ETF application. The good news is that this is about to change, opening doors for restricted institutions to get exposure in some of the best cryptos to buy. Reuters notes that the SEC is developing a framework to streamline and accelerate the approval of spot crypto ETF applications in the United States. According to sources, proposed changes will include a simplified single-step registration process. Additionally, new guidelines for crypto ETFs will be introduced. These proposals, if implemented, will be a relief for applicants. Currently, applicants must navigate a cumbersome two-step process. First, they submit the 19b-4 filing, which includes amendments to exchange rules. Then, there is the S-1 registration for the fund itself. This dual process has often led to delays, with issuers facing prolonged uncertainty and complex negotiations with regulators. Under the new framework, crypto ETF applicants will only need to submit a single S-1 filing, allowing the fund to be cleared for listing if the SEC does not object within 75 days. To further simplify the process and provide clarity, the regulator is crafting a common listing standard for crypto ETFs. Most importantly, they will introduce guidelines to address unique crypto-specific complexities, such as staking mechanisms and redemption processes. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Spot Crypto ETF Applications, 99% Chance of SEC Approving Spot Solana ETF in 2025 As of July 8, 2025, there were over 72 crypto ETF filings, with applicants seeking SEC review and potential approval for spot ETFs for SOL ▲1.39%, XRP ▲2.25%, and even some top Solana meme coins like TRUMP. Official TrumpPriceMarket CapTRUMP8$1.73B24h7d30d1yAll time Grayscale, VanEck, and Fidelity are among the spot Solana ETF applicants. Punters on Polymarket have placed a 99% chance of a spot Solana ETF being approved by the end of 2025. (Source)   On July 1, 2025, the REX-Osprey Solana ETF, which permits staking, was launched in the United States. Unlike spot Ethereum ETFs, investors in this spot Solana ETF gain exposure to SOL and the staking rewards. DISCOVER: 8 High-Risk High-Reward Cryptos for 2025 New Crypto ETF Framework By SEC To Boost Capital Inflow

• SEC has already approved spot Bitcoin and Ethereum ETFs 
• Applications go through a two-step process 
• Regulator wants to introduce a new framework that simplifies applications 
• More spot crypto ETF applications expected

A major breakthrough has just arrived for Bitcoin and the crypto industry from one of the most influential financial regulatory bodies in the United States. The Federal Housing Finance Agency (FHFA), which oversees the country’s largest mortgage liquidity providers, has issued a directive that could change how digital assets are viewed.  Under this directive, mortgage liquidity providers have been officially ordered to begin preparations for considering cryptocurrencies as part of a borrower’s asset portfolio during mortgage evaluations. Crypto As Mortgage-Eligible Asset In a recent post on the social media platform X, FHFA Director Bill Pulte issued a directive instructing Fannie Mae and Freddie Mac to prepare proposals that allow homebuyers to count cryptocurrency holdings held on US-regulated exchanges as part of their asset reserves for mortgage applications without converting them into dollars. Crypto assets have always been excluded from mortgage risk assessments unless converted to U.S. dollars before closing. However, this recent move breaks that barrier. This policy shift aligns with former President Donald Trump’s campaigns to establish the United States as the crypto capital of the world. Pulte, who was recently sworn in as the 5th Director of U.S. Federal Housing FHFA in March 2025, is now part of those taking steps to make this vision a reality.  According to the order, both Fannie Mae and Freddie Mac must also factor in market volatility and enforce strong risk-based adjustments before implementing the new assessment method. Fannie and Freddie are government-sponsored enterprises that do not issue mortgages themselves but play an important role in the housing market by purchasing home loans on the secondary market and setting the criteria for the loans they are willing to acquire. Bitcoin To Benefit The Most, But Where Does XRP Stand? Bitcoin is going to benefit the most from this policy update. Being the largest and most widely held cryptocurrency, Bitcoin has long been considered the digital gold standard, which makes it a natural candidate for institutional recognition.  Its established presence on U.S.-regulated exchanges and deep liquidity profile through Spot Bitcoin ETFs tick nearly every box laid out in the FHFA’s directive. However, the decision raises an important question for XRP holders as to whether the same regulation will be extended to XRP. Unlike Bitcoin, XRP has had a complicated history with regulatory agencies in the US, most notably the SEC. Although recent legal clarity around XRP has allowed the crypto to resume trading on major US-based exchanges, it isn’t really certain whether Fannie Mae and Freddie Mac will be quick to include it under this new directive. Nonetheless, the FHFA’s directive doesn’t specify eligible tokens. It simply refers to cryptocurrencies held on US-regulated exchanges. As such, the directive could be quick to include US-based cryptocurrencies like XRP and Ethereum alongside Bitcoin. Other countries are already far ahead with XRP in real estate. In Japan, for instance, Open House Group allows XRP payments for property purchases in cities such as Tokyo and Osaka. Dubai is also using the XRP Ledger to tokenize real estate.