Breaking: SEC Fast-Track Approval Paves Way for Bitwise’s XRP ETF – Here’s What It Means

The SEC just greenlit Bitwise's XRP ETF application on fast-track mode—no bureaucratic limbo this time. Wall Street's about to get a new crypto toy.

Why it matters: This could flood institutional money into XRP, but let's be real—it's also a golden parachute for traders who missed the last bull run.

Behind the scenes: The 'lightning' approval suggests regulators are warming to crypto... or just desperate for tax revenue from the coming frenzy.

Bottom line: Another ETF, another speculative frenzy. At least this one didn't take a decade to approve—progress?

Roche commits $50B as part of deal to ease trade surplus

Jamieson said the Trump administration will still “retain a tariff” because the White House wants to keep pressure on countries with large surpluses.

“We have to get the trade deficit under control,” he said. The strategy is to allow easier access only if the partner country actively helps fix the imbalance. In this case, Switzerland is agreeing to build inside the U.S. instead of just shipping goods in.

One example he pointed to was Roche, the Swiss pharmaceutical heavyweight, which earlier in the year pledged to invest $50 billion into U.S. operations. That move was viewed as a signal that Switzerland was ready to cooperate before tariffs choked its export machine completely.

The 39% tariff, announced by Donald Trump in July, kicked in after a Swiss delegation failed to reach a compromise during last-ditch talks in Washington.

That penalty quickly became one of the highest rates imposed by the administration on any individual country. The blow landed hard.

Last month, Swiss officials downgraded their economic growth forecast for 2026, blaming the “heavy burden” of the U.S. tariffs.

Switzerland’s biggest exports—watches, pharmaceuticals, and precious metals—had all taken a hit. Other industries like luxury goods, chocolate, and skincare also felt the squeeze. But Friday’s deal could bring some breathing room, even if tariffs stay partially in place.

And the market moved. Following the news, the Swiss franc jumped 0.4% against the U.S. dollar, signaling cautious optimism.

Whether the new manufacturing plans materialize fast enough to prevent more damage remains to be seen. But for now, both sides have a deal, and Switzerland gets to breathe… slightly.

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