As cryptootics has reported, both the president of the United States, Donald Trump, and his wife Melania Trump have their official tokens in the Solana Red.
Trump and Melania had a great price increase days ago, and then “collapse” and lateralize.
Now, a novelty about these cryptocurrencies memes (or memecoins) is made known. The Tuttlecapital company has presented 10 applications Before the American stock and values commission (SEC) to launch new cryptocurrency ETF, all of them with 2x leverage. Among these presentations, Investment funds are found in Trump and Melania.
It also asks for authorization to launch ETF leverage from Solana (Sol), XRP (XRP), Litecoin (Lite), Bonk (Bonk), Cardano (ADA), Chainlink (Link), Polkadot (Dot) and BNP.
The SEC must evaluate each of these requests To determine if it approves, rejects them, or if you ask Tuttlecapital to make any modification. It’s about A process that can last several months.
James Seyffart, an analyst at Bloomberg Intelligence, commented:
«To be very clear, this is a case of emitters who test the limits of what the SEC will allow. I hope that the new working group on cryptocurrencies (led by Hesterpeirce) is probably the axis to determine what will be allowed and what is not ».
James Seyffart, Bloomberg Intelligence analyst.
Until now, In the United States only Bitcoin (BTC) and Ethher (ETH) have been approvednative cryptocurrency of the Ethereum network.
Trump and Melania tokens prices have not shown a special increase due to this novelty. Perhaps the market is anticipating that the SEC will be cautious to make a decision on these ETF requests.
