PDAXScope: BTC, XRP inch up, SEC eases ETFs, PH bill filed

BTC, XRP, SOL, DOGE Resume Slow Grind Higher After Fed, Dollar Index Is Resilient Too (CoinDesk)

Major crypto tokens like Bitcoin, XRP, Solana, and Dogecoin are creeping higher after Fed actions, even though the U.S. dollar index is holding strong, which could limit gains, as reported by CoinDesk. Markets reportedly seem cautiously optimistic as buyers are still supporting prices, but momentum isn’t runaway yet. 

SEC paves way for crypto spot ETFs with new listing rules (Reuters)

The U.S. SEC has reportedly approved new listing rules that make it much easier and faster to launch spot crypto ETFs – funds tied directly to cryptocurrencies – with exchanges like NYSE and Nasdaq now able to use generic standards instead of case-by-case approvals. 

Reuters stated that the rule change cuts the approval timeline from as long as 240 days to potentially just 75 days, and will allow altcoin-based ETFs (such as for Solana or XRP) to be listed more easily.

Calamba Representative Files 4th Blockchain Bill in Lower House (BitPinas)

Calamba City Representative Charisse Anne C. Hernandez is proposing a bill that would put the Philippines’ national budget system on blockchain, ensuring every peso spent can be tracked publicly. This is the fourth blockchain-related bill introduced in the 20th Congress this year, highlighting how the Philippines is becoming an active player in exploring blockchain for governance.

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