XRP News Today: U.S. Authorities Approve Staking Incentives, Advancing Widespread Crypto Acceptance

Recent regulatory changes by the U.S. government have brought renewed energy to the cryptocurrency sector. The Internal Revenue Service (IRS) and Treasury Department have issued new guidelines that permit crypto exchange-traded products (ETPs) to engage in staking digital assets and sharing the resulting rewards with investors. This announcement,

, represents a major milestone for the institutional embrace of digital assets, eliminating a significant legal obstacle for funds that want to include staking returns in regulated investment products.

According to the revised rules, crypto trusts are required to be listed on a national securities exchange, hold only cash and a single digital asset, and implement custodial protections to reduce risks for investors.

The IRS and Treasury highlighted that these steps are consistent with to approve standard listing requirements for crypto ETFs, which opened the door for products linked to , , and now . Industry leaders, such as Bill Hughes from Consensys, for regulatory transparency, allowing institutional investors to follow tax regulations while providing staking benefits to individual investors.

This regulatory progress coincided with a notable increase in XRP activity, as Canary Capital’s spot XRP ETF—trading on Nasdaq under the symbol XRPC—became the first U.S. offering to provide direct access to the fourth-largest cryptocurrency by market cap. The ETF, set up as a grantor trust that holds actual XRP tokens with Gemini Trust and BitGo as custodians, follows the structure of Bitcoin ETFs and

, simplifying regulatory requirements. With an initial net asset value of $25 and $5.25 million in assets, XRPC’s launch demonstrates increasing interest in regulated altcoin investment, a movement furthered by Ripple’s efforts to enhance XRP’s use in international payments .

Ripple CEO David Garlinghouse highlighted the U.S. government’s shift from skepticism to active involvement in crypto, though he acknowledged that working with established financial institutions remains difficult due to stalled legislation like the Clarity Act. Still, the introduction of the XRP ETF points to changing attitudes among institutions,

and broader adoption of the token. The ETF’s arrival also comes as XRP’s price hovered around $2.40, , but trading volume jumped 53% ahead of the ETF’s launch.

At the same time, the U.S. Senate’s approval of a continuing resolution to extend government operations through January 2025 gave the market a boost. This bipartisan measure is expected to restore funding for the Supplemental Nutrition Assistance Program (SNAP) and bring back federal employees, including those at the IRS and SEC.

, enabled Canary and other companies to move forward with XRP-related offerings despite the shutdown.

Market analysts connected these regulatory advances to a broader wave of optimism in the crypto space. Bitcoin and Ethereum both surpassed $106,000 and $3,600, respectively,

. The launch of the XRP ETF, together with similar products for and , indicates that crypto investment options are expanding beyond just Bitcoin and Ethereum, .

As the industry looks ahead to further legislative developments, the IRS’s staking guidance and the debut of the XRP ETF underscore the narrowing divide between digital assets and traditional finance. With institutions now able to stake crypto and share rewards, a new chapter in regulated crypto investing is beginning.