Kraken is reportedly putting the final touches to an audacious move to purchase futures trading giant NinjaTrader. The exchange is tying up loose ends in what could be one of the largest acquisitions by a cryptocurrency service provider.
Kraken Inches Toward Mega Deal To Buy NinjaTrader
According to a WallStreetJournal (WSJ) report, Kraken is in the final third of an ambitious plan to purchase NinjaTrader. According to the post, the deal is worth $1.5 billion and will see NinjaTrader become a subsidiary of the US-based cryptocurrency exchange.
Barring any eventualities, insiders say Kraken will announce the completion of the deal before the end of the week. While details are sparse, the move signals Kraken’s interest in dabbling in derivatives and crypto futures.
Kraken is seeking to expand its offerings but the exchange remains wary of regulatory challenges that could bedevil the plans. The US SEC just shuttered its Kraken case that sought to view the firm as a stock exchange.
To sidestep the regulatory hurdles, the purchase will allow the exchange to lean on NinjaTrader’s Futures Commission Merchant (FCM) license to offer its derivatives offering.
Kraken has the funds to see the deal through given impressive financial metrics for the exchange. The US-based crypto exchange racked in over $1.5 billion in revenue, doubling its profits over the last year.
Both Parties Have An Eye On Expansion
Apart from sidestepping potential regulatory hurdles, purchasing NinjaTrader will introduce Kraken to a new demographic. Launched in 2003, NinjaTrader has racked up over 1.8 million retail investors with the deal offering several perks for the futures trading company.
The move will see Kraken support NinjaTrader’s bid to enter the UK and Australian markets. Kraken’s EMI approval from the UK’s Financial Conduct Authority (FCA) may smoothen NinjaTrader’s entry into the UK.
The top crypto exchange has previously secured a MiFID license to offer crypto derivatives to EU-based traders. In line with its expansionist goals, the exchange reintroduced cryptocurrency staking service for US customers.
VanEck has outlined several potential budget-neutral strategies that could enable the United States to expand its Bitcoin reserve without using taxpayer funds. The analysis, shared by Matthew Sigel, explores financial mechanisms that leverage existing assets, modify regulatory policies, and introduce new debt instruments.
VanEck Suggests Gold Revaluation and Bonds to Boost US Bitcoin Reserve
After President Trump’s executive order to create a Strategic Bitcoin Reserve, Matthew Sigel shared insights on X. He outlined ways the U.S. government could expand its Bitcoin holdings without impacting the federal budget. One key strategy involves revaluing gold reserves, which would require congressional approval but could generate substantial financial resources. By adjusting the official valuation of gold, the government could unlock additional capital to acquire more Bitcoin.
Another option involves issuing Bitcoin-backed bonds. Under this plan, the U.S. Treasury could sell bonds priced above face value and allocate a portion of the proceeds toward purchasing Bitcoin. This approach would not impose new taxpayer costs, as Bitcoin would serve as collateral. The Treasury could repay bondholders with either Bitcoin or U.S. dollars upon maturity. This method could appeal to institutional investors while incorporating Bitcoin into government debt instruments.
Meanwhile, the OCC has cleared the way for Federal Banks to engage in cryptocurrency activities, including stablecoin transactions and custody services. The new guidance also allows banks to participate in DeFi activities like node validation without requiring prior licensing. This move signals a significant shift in crypto regulation under the Trump administration.
Utilizing the Federal Reserve and IMF for Expansion
VanEck also suggested modifying the Federal Reserve’s surplus policies to facilitate Bitcoin acquisitions. Before 2015, the Federal Reserve maintained larger surplus funds, but legislative changes limited these reserves. By adjusting surplus regulations, the Fed could allocate excess funds toward expanding the Bitcoin Reserve. However, such a move would require congressional approval.
Another proposal involves lobbying the International Monetary Fund (IMF) to include Bitcoin in Special Drawing Rights (SDRs). SDRs are international reserve assets used to supplement official reserves of IMF member countries.
If Bitcoin were added to this system, it could further cement its role as a global financial asset. While this approach may not require direct congressional approval, it would necessitate diplomatic negotiations and policy shifts within the IMF.
Selling Government Assets to Support Reserve Growth
Beyond traditional financial strategies, VanEck proposed selling surplus government assets as a way to fund Bitcoin purchases. One unconventional suggestion is the sale of 1.4 billion pounds of government-stored cheese, estimated to be worth between $2 billion and $4 billion.
Although the cheese stockpile is privately held, the USDA has the authority to sell excess dairy products without congressional approval. This approach could provide a direct funding source for Bitcoin purchases without affecting the federal budget.
Additionally, the Exchange Stabilization Fund (ESF), a self-funded government entity, could be another mechanism for acquiring Bitcoin. The ESF has been used in the past to manage foreign exchange reserves and stabilize currency markets. Since it operates outside congressional appropriations, it could expand Bitcoin holdings without requiring new legislation.
Bitcoin Reserve Expansion Likely to Face Policy Challenges
While VanEck has presented multiple budget-neutral options, many of these strategies would require policy adjustments and regulatory approvals. Some proposals, such as gold revaluation and Federal Reserve surplus modifications, would need congressional approval.
The U.S. government’s approach to Bitcoin continues to evolve, with the Strategic Bitcoin Reserve marking a major step toward integrating digital assets.
More so, Crypto Czar David Sacks recently revealed that the U.S. government lost over $17 billion by selling nearly 195,000 BTC over the past decade. He criticized previous administrations for lacking a long-term Bitcoin strategy, arguing that holding the assets could have significantly benefited taxpayers.
Additionally, President Donald Trump highlighted the importance of stablecoin legislation during the crypto summit, aiming to establish clear regulations before Congress’ summer recess. He emphasized that regulatory clarity would drive innovation and growth in the financial sector.
Bitcoin’s (BTC) move toward $125,000 is causing waves throughout the crypto market, with Shiba Inu (SHIB) and Rexas Finance (RXS) emerging as top competitors for spectacular gains. While SHIB’s recent surge resulted from President Donald Trump’s recent announcement on US crypto reserve assets, Rexas Finance is upsetting the asset management business by bringing unprecedented liquidity to previously illiquid markets. Investors are closely monitoring both assets, anticipating significant increases.
Shiba Inu Soars Amid Trump’s Latest Announcement
Shiba Inu retraced 11% in 24 hours after rising 20%, staying above $0.000012. The recent surge followed Donald Trump’s declaring the opening of a crypto reserve with big-league tokens, including Bitcoin, Ethereum, Solana, Ripple, and Cardano.
Despite the harsh reversal, technical indications suggest a favorable outlook. Analysts believe a breach above $0.000015 might boost SHIB to $0.000017, and some investors anticipate a 500% breakthrough to $0.000020 and beyond. Crypto analyst Crypto Elites highlighted a cup-and-handle pattern that, if confirmed, may spark a 12x surge to $0.000183. As the market prepares for a bullish breakout, Shiba Inu is poised for a giant boost in the coming weeks.
Rexas Finance (RXS) Introduces Liquidity to Illiquid Markets, Setting the Stage for a Massive Rally
Rexas Finance (RXS) is disrupting asset management by addressing a long-standing issue: a lack of liquidity in historically illiquid sectors. RXS uses blockchain to facilitate tokenizing real-world assets (RWAs) like real estate, commodities, and financial instruments, giving users access to a trillion-dollar market.
Rexas Finance’s fundamental function is to simplify asset tokenization. For example, by purchasing RXS-backed tokenized shares, an investor can now own a portion of a $10 million commercial property for just $100. This kind of fractional ownership enables small-scale investors to access high-value asset markets previously only available to institutions.
To achieve this, Rexas Finance has built a rich tokenization ecosystem and DeFi features that boost liquidity, accessibility, and investment returns. The Rexas Token Builder and QuickMint Bot simplify token creation without technical experience. Meanwhile, the Rexas Launchpad offers early-stage investment opportunities in new cryptocurrency projects, and the Rexas Treasury helps investors maximize returns through automated yield farming. This novel technique has created tremendous investor interest, hastening the RXS presale to near completion. In its last step (step 12), 91% of the allocated tokens have already been sold, indicating increased FOMO among investors. RXS is selling at $0.20, up 566% from $0.03 in Stage 1.
The presale, which sold 455 million tokens and garnered $47 million, is expected to be one of 2025’s most significant achievements. Rexas Finance also holds a $1 million giveaway to reward early investors. With over 1.5 million entries received so far, the top 20 participants will earn $50,000 worth of RXS. This event will further increase Rexas Finance’s appeal among crypto enthusiasts. The larger picture of Rexas Finance revolves around its upcoming exchange listings.
On June 19, RXS will debut on at least three of the top ten global crypto exchanges, enhancing liquidity, market exposure, and institutional interest. The initial listing price is $0.25, and analysts predict a potential 100,000% post-launch jump due to rising adoption and exchange-driven demand.
Conclusion: SHIB and RXS Poised for Explosive Gains
Shiba Inu (SHIB) and Rexas Finance (RXS) are poised for significant gains as Bitcoin (BTC) nears $125,000. With SHIB seeing a 300% spike in whale demand and RXS revolutionizing real-world asset tokenization, both assets are expected to experience significant price changes. The Rexas Finance presale is practically sold out (9% to go), and its June 19 market debut will likely cause a price explosion. This is the last chance for investors to secure RXS at presale prices before it goes public—act immediately before the opportunity passes!
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Bitcoin’s (BTC) move toward $125,000 is causing waves throughout the crypto market, with Shiba Inu (SHIB) and Rexas Finance (RXS) emerging as top competitors for spectacular gains. While SHIB’s recent surge resulted from President Donald Trump’s recent announcement on US crypto reserve assets, Rexas Finance is upsetting the asset management business by bringing unprecedented liquidity …
Since US President Donald Trump assumed office, the Securities and Exchange Commission (SEC) has dropped, settled, or paused lawsuits against prominent crypto entities left and right. In stark contrast to the previous administration’s leadership under Chair Gary Gensler, the SEC seems to be parting from its previous crackdown on digital assets.
In an interview with BeInCrypto, Nick Puckrin, Founder of The Coin Bureau, and Hank Huang, Chief Executive Officer at Kronos Research, highlighted the substantial election influence the crypto industry had over Trump’s candidacy as a contributing factor to the SEC’s looser stance on crypto.
The SEC’s Approach Under Trump
The SEC has experienced a clear shift in its approach to crypto lawsuits under Trump’s presidency. Its move away from the aggressive enforcement tactics of its previous leadership has largely characterized this shift.
“When President Donald Trump won the US election, the crypto industry rejoiced. Finally, the ‘regulation by enforcement’ era, which the SEC under the leadership of Gary Gensler was so famous for, was about to come to an end. And the new administration didn’t disappoint. Within just a couple of weeks of Trump’s inauguration, the revamped SEC started dropping lawsuits against crypto firms left, right and center,” Puckrin said.
Two weeks ago, the SEC officially dropped its appeal and XRP lawsuit against Ripple Labs, ending a five-year legal battle. The Commission had originally accused Ripple of conducting an unregistered securities offering worth $1.3 billion through XRP sales.
“After more than four years in limbo, the SEC has officially decided that XRP is not a security (though what it is instead remains to be seen). This case has been weighing heavily on XRP – the fourth largest cryptocurrency with a market cap of roughly $130 billion– so its resolution is a major win,” Puckrin added.
The wider crypto community celebrated the outcome, with many arguing that it will set a precedent for how digital assets are classified in the US. This prediction is warranted, given that the SEC has been on a lawsuit-dropping spree.
The SEC has also dropped several ongoing investigations against OpenSea, Robinhood, Uniswap Labs, Kraken, and Gemini. It has also asked a federal court to issue a 60-day pause over its litigation against Binance. Meanwhile, the Commission settled its investigation into ConsenSys over its Ethereum software products.
These lawsuits surfaced in parallel to a series of crypto-friendly measures meant to foster greater innovation and curb potential regulatory suffocation that had existed during the Biden era.
Will New Leadership Define Clear Crypto Regulations?
A day after Trump assumed office, SEC Acting Chairman Mark Uyeda announced the creation of a dedicated crypto task force led by Commissioner Hester Peirce. The task force was reportedly designed to resolve long-standing ambiguities in the regulatory treatment of digital assets.
In all SEC crypto lawsuits, Commissioner Uyeda has implemented a strategy prioritizing industry engagement to develop regulatory frameworks that balance innovation and investor protection.
Meanwhile, Trump strategically nominated Paul Atkins, a crypto-curious, regulation-light candidate, to replace Gensler as head of the SEC. Just this week, the Senate Banking Committee voted to advance Atkins’ nomination to the full Senate.
Now, only a stone’s throw away from becoming SEC Chair, Atkins is expected to loosen regulatory oversight on crypto.
“With the establishment of a new Task Force and key appointees like Paul Atkins fostering innovation, Trump’s strategic move to create a Bitcoin reserve within the government further underscores his commitment to supporting the industry. The future of crypto regulations will be focused on less oversight and the beginning of a delicate but promising thaw in the regulatory landscape,” Huang added.
Though some say Trump’s handling of crypto affairs has resulted in a never-before-seen triumph, others are weary that his increasing involvement in the industry has turned out to be a recipe for disaster.
The Impact of Crypto Donations on Regulations
Several industry leaders went to great lengths to ensure that Trump became America’s 47th president. Millions of dollars in donations from crypto firms throughout Trump’s campaign illustrated these efforts.
According to a Public Citizen report, over $119 million from crypto corporations went into influencing the 2024 federal elections, largely through Fairshake, a non-partisan super PAC backing pro-crypto candidates and opposing skeptics.
Crypto corporations donated over $119 million to the 2024 federal elections. Source: Public Citizen
Coinbase and Ripple, among others who stand to profit, directly provided over half of Fairshake’s funding. The remaining funds mostly came from billionaire crypto executives and venture capitalists. Notable contributions included $44 million from the founders of Andreessen Horowitz, $5 million from the Winklevoss twins, and $1 million from Coinbase CEO Brian Armstrong.
So far, big crypto’s spending strategy is paying off with a more favorable environment.
Without a clear framework to guide the crypto industry following these dropped lawsuits, this lax approach risks being short-lived. Ultimately, this could tarnish long-term crypto adoption.
“Somehow, all these victories feel somewhat hollow after the reputation of the crypto industry has been tarnished by the billions of dollars in combined losses from meme coin scams. Meanwhile, Hayden Davis, the mastermind behind LIBRA, continues to launch fraudulent meme tokens, despite being on the Interpol wanted list,” he said.
A 2024 report by Web3 intelligence platform Merkle Science revealed that meme coin rug pulls cost investors over $500 million. The February LIBRA incident showed how this trend was carried over to 2025. Nansen data revealed that 86% of investors lost $251 million, while insiders pocketed $180 million in profits.
Though crypto scammers may be charged with related crimes like wire fraud or money laundering, rug pulling is legal. Better said, it’s unaccounted for. No regulation holds crypto insiders responsible for meme coin scams.
“As crypto becomes an ever more mainstream asset class, consumers need to be protected against those who choose to use it for nefarious purposes. One way to do this is through education, and that’s our job as an industry. But deterring scams and extractive behavior is the job of the regulators. And it’s time they stepped up to the task,” Puckrin told BeInCrypto.
If the SEC doesn’t take advantage of this opportunity to curb the consequences that meme coin scams can produce, it will result in an enormous setback for the industry.
Comprehensive Regulation Beyond Dropped Lawsuits
Puckrin illustrated the need for heightened regulatory clarity in crypto by drawing attention to the way the SEC penalizes insider trading in the context of traditional investing.
“In traditional investing, insider trading is a serious crime. In the US, it’s punishable by fines of up to $5 million for individuals and prison sentences up to 20 years. Similarly, federal penalties for engaging with illegal gambling activities include up to five years in prison. Perpetrators of memecoin scams must be punished with the same level of severity, because the result is the same: manipulating markets and cheating unsuspecting investors out of their savings,” he said.
Puckrin clarified, however, that the issue isn’t solely about penalizing fraudsters. Just as the SEC’s past overregulation hindered the industry, the current lack of meme coin rules creates an environment where new scams and exploitative schemes can easily flourish.
“Yes, the removal of lawsuits is great news for blockchain innovation, but something needs to replace it. Indeed, serious cryptocurrency firms have never advocated for an unregulated Wild West. What they want is clarity and rules that are fit for the nascent blockchain industry – not just a copy-and-paste of existing financial regulations that simply don’t work for crypto,” he said.
Although the Trump administration has only been in place for four months, the clock is ticking, and meaningful change takes time.
Unanswered Questions Loom
Puckrin expressed concern over the current administration’s prioritization of lawsuit dismissals instead of working faster to implement transcendental crypto regulation.
“My concern is that regulators will keep kicking the can down the road with crypto regulation, having gained the approval of the industry for dropping the many lawsuits that were stifling its growth. And this is incredibly dangerous,” he told BeInCrypto.
Meanwhile, critical questions that only the SEC can define remain unanswered.
“What are memecoins and who will ensure another LIBRA fiasco doesn’t happen? Are utility altcoins now commodities and if so, will the Commodities Futures Trading Commission (CFTC) regulate them? And, importantly, what do we do about compensating investors who have lost billions to crypto fraud?” Puckrin concluded.
The SEC’s current direction promises a regulated renaissance or a breeding ground for future crises.
With billions lost and critical questions unanswered, the future of crypto hinges on whether the regulatory body will translate its recent shift into a lasting framework that fosters innovation without sacrificing investor protection.
