The SEC has postponed its decision on the XRP and DOGE ETF proposals and is seeking public opinion.

[SEC Delays Decision on XRP and DOGE ETF Proposal and Seeks Public Comment] The U.S. Securities and Exchange Commission (SEC) has delayed its decision on whether to approve the proposals for exchange-traded funds (ETFs) tracking XRP and DOGE, and has requested public comments on the 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust. The SEC stated in a document: “Given the legal and policy issues raised by the proposed rule changes, it is appropriate to initiate the process at this time,” adding that “initiating the process does not mean the Commission has reached a conclusion on any issues involved. Rather, the Commission wishes to and encourages relevant parties to provide comments on the proposed rule changes.” In addition, the SEC has also delayed its decision on whether to approve Bitwise’s proposal for participating in staking for the Ethereum ETF. Bloomberg analyst James Seyffart stated, “No matter who is leading, the SEC will almost always use up all of its time.” He pointed out, “The final deadline for almost all such applications is in October, so it would be unusual to make a decision earlier.”