World’s Largest AIMA Calls On SEC to Approve XRP and SOL ETFs

Xaif (@Xaif_Crypto), a well-known crypto influencer and analyst, highlighted a significant development in the crypto space by sharing an image of a statement from the Alternative Investment Management Association (AIMA), the world’s largest alternative investment association.

The document reveals AIMA’s call for the U.S. Securities and Exchange Commission (SEC) to approve additional spot exchange-traded funds (ETFs) for cryptocurrencies, specifically naming Solana (SOL) and XRP. It also advocates for regulatory changes to facilitate the adoption of blockchain-based tokenized securities.

BREAKING

The world’s largest alternative investment association, AIMA, calls on the SEC to approve spot ETFs for SOL and #XRP while ensuring fair and predictable regulations. It also advocates for modernizing securities laws to support blockchain-based tokenized assets. pic.twitter.com/iNxDuNqrdW

— 𝕏aif| (@Xaif_Crypto) March 26, 2025

AIMA’s Push for Fair and Predictable Regulations

In its statement, AIMA emphasizes the need for the SEC to reinstate a fair and consistent approval process for ETF applications. It criticizes any deviation from the established procedure and calls for applications to be processed in the order they are received. The association argues that this would restore predictability and fairness to the regulatory framework.

Beyond ETFs, AIMA also urges the SEC to modernize securities laws to accommodate tokenized assets. It points out that existing regulations were designed for a centralized financial system reliant on paper-based processes.

According to AIMA, applying these outdated rules to blockchain-based assets stifles innovation without providing additional investor protection.

Now that the SEC has withdrawn its appeal against Ripple, many in the community are calling out the regulator for the harm it did to Ripple, XRP, and its community. Approving ETF products would be a major step toward correcting these wrongs and providing a proper environment for digital assets to thrive.

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The Role of Blockchain in Tokenized Securities

AIMA’s statement addresses key regulatory barriers to tokenization, particularly the requirement that securities be held in centralized depositories. This restriction, it argues, prevents tokenized assets from realizing the full benefits of blockchain technology, such as decentralized recordkeeping, smart contract-based compliance, and improved transaction efficiency.

The document also discusses the differences between permissioned and permissionless blockchains. AIMA contends that regulatory policies should not favor one over the other but should allow issuers and investors to determine the best model for their needs.

Challenges in Transfer Agent and Investment Company Regulations

AIMA argues that SEC rules should recognize blockchain as a valid alternative to traditional transfer agents, eliminating the need for off-chain records. It also questions whether tokenized assets should follow outdated processes.

Additionally, the document highlights concerns about how tokenization interacts with the Investment Company Act, particularly for mutual and money market funds. The statement suggests regulatory adjustments for peer-to-peer transactions and ATS trades.

Xaif’s post amplifies AIMA’s stance, adding weight to calls for SOL and XRP spot ETF approvals and modernized securities laws. The SEC has acknowledged multiple ETF filings for both assets, and we might see approval for these products soon.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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