Type:Notice
Citation:90 FR 12409
Reading Time:about a minute or two
Cboe BZX Exchange, Inc. filed a proposal with the Securities and Exchange Commission (SEC) to list and trade shares of the Canary XRP Trust. This proposal was initially published for comments in the Federal Register on February 25, 2025. The SEC has extended its decision-making period to May 26, 2025, to allow more time to consider the proposal and any issues it raises. The decision could be to approve, disapprove, or start a process to possibly disapprove the proposed rule change.
Simple Explanation
The people who decide if it's okay to sell a special type of stock called Canary XRP Trust need more time to think about it. They will now wait until the end of May to decide what to do.