The Latest Breaking News from Eleanor Terrett

$XRP climbed Wednesday night as crypto users discussed a new report regarding the SEC supposedly wrapping up its case against Ripple, the largest known corporate holder of the $XRP token and the overseer of the XRP Ledger's development.

President Trump has invited some of the crypto industry's most prominent leaders as he is set to host the White House's first ever digital assets summit Friday.

A new advocacy group is organizing the "Crypto4Harris" town hall next week that will feature some crypto figures such as Mark Cuban and some Democratic leaders who have expressed support for digital assets in recent months.

A group of House representatives have asked the U.S. President to transfer Tigran Gambaryan's case to the Office of the Special Presidential Envoy for Hostage Affairs following his reported health deterioration in Nigerian custody.

The SEC on Monday started publishing notices of filing updates related to spot Bitcoin ETFs, including amendments to eight 19b-4 filings detailing proposed rule changes.

The SEC is possibly nearing the approval of spot Bitcoin ETF applications based on the latest development this week.

The agency, which has rejected spot Bitcoin ETF applications in the past, is expected to approve the new set of issuers in a move that will unlock opportunities and provide access for traditional investment in the world's largest cryptocurrency asset by market capitalization, Bitcoin.

More information about the SEC and the timeline of its possible announcement of spot Bitcoin ETF approvals surfaced online this week.

It was reported last week that the SEC may inform hopeful issuers this Tuesday or Wednesday whether they are cleared to launch their spot Bitcoin ETF.