Bitwise Seeks Approval For Dogecoin ETF In Delaware: What It Means For DOGE

In a significant development for both the memecoin and the broader cryptocurrency landscape, Bitwise Asset Management has filed for a Dogecoin ETF in the state of Delaware.

This application marks a notable addition to the growing roster of exchange-traded products aimed at providing investors with new avenues for cryptocurrency exposure.

How Trump’s Presidency Could Transform Crypto Regulations

The timing of the new Dogecoin ETF filing is particularly relevant given the recent political landscape in the United States. With Donald Trump having taken office for a second term, there is renewed optimism surrounding the regulatory environment for cryptocurrencies.

President Trump, who previously held the presidency from 2017 to 2021, has expressed intentions to create a more favorable climate for digital assets, contrasting sharply with the regulatory scrutiny that characterized the Biden administration.

Under former President Joe Biden, the US Securities and Exchange Commission (SEC), led by Gary Gensler, adopted a stringent approach to cryptocurrency regulation. This often resulted in a lack of clarity and an enforcement-heavy strategy that led to multiple lawsuits against key players in the digital asset space.

The regulatory landscape was marked by ambiguity, leaving many investors and companies uncertain about compliance and future opportunities. However, President Trump’s administration has already begun making regulatory changes aimed at fostering cryptocurrency innovation.

Recent appointments to key regulatory agencies and the establishment of a new crypto council within the White House signal a shift in focus. Observers believe these changes could pave the way for more cryptocurrencies to gain access to investment vehicles like ETFs.