Delaware Authorities Investigate Fake BlackRock Filing After Surge in XRP Price

The Delaware Department of Justice has not disclosed the specific actions it may take in response to the referral.

The fraudulent listing used the name of BlackRock managing director Daniel Schwieger, raising concerns about potential fraud, especially if XRP transactions were involved.

The fabricated XRP trust filing fueled speculation that BlackRock might be gearing up to launch an XRP-linked exchange-traded fund (ETF) in the United States, a development of significant importance in the crypto space.

While BlackRock did register an Ether trust in Delaware on November 9, the U.S. Securities and Exchange Commission has not yet approved the listing of any spot crypto ETF as of now.