SEC Delays XRP ETF: Ripple Solution Will Decide

TinTucBitcoinOfficial · 2025-04-30T08:38:09+00:00

SEC delays approval of XRP ETF, citing market data requirements and future contracts' absence. Similar delays affect other cryptocurrency-related ETFs. Leadership changes at the SEC signal potential policy shifts. Speculation arises on SEC-Ripple legal dispute resolution impacting XRP ETF approval. Lawsuit paused for settlement talks, with a deadline set just before the ETF decision date.

TinTucBitcoinOfficial

2025-04-30 08:38:09

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Decision to Delay XRP ETF by SEC

The U.S. Securities and Exchange Commission (SEC) further delayed the approval of Franklin Templeton’s XRP Spot ETF, which was extended to June 17, 2025. Some investors are worried, but experts say this is understandable. The root cause is that XRP futures contracts are not yet active on the Chicago (CME) Mercantile Exchange. The SEC typically waits for the futures market to work and collect enough data before considering approving Spot ETFs. This gives them enough grounds to monitor.

The Situation is Different with Cryptocurrency

Not only XRP, the SEC has also postponed decisions regarding other cryptocurrency-related ETFs such as Ethereum staking and Dogecoin. According to James Seyffart, an ETF analyst at Bloomberg, more delays are expected for the ETF applications related to Solana (SOL) and Hedera Hashgraph (HBAR) this week. Most of the final deadlines for these applications will not come until the end of 2025, leaving plenty of time for the legal review process.

Changes in SEC Leadership and Impact

Paul Atkins recently took office at the SEC, and it may take time before the new leadership shapes policy decisions along with other commissioners like Hester Peirce. This could lead to changes in how issues related to cryptocurrency are handled.

interesting theories about the SEC vs Ripple case

One user on social media theorized that if the SEC and Ripple Labs were considering resolving their long-running legal dispute by paying in XRP tokens instead of cash, the SEC could delay approving the XRP Spot ETF until after an agreement is reached. Approval of ETFs can increase the price of XRP, which in turn affects the value of any payments made in XRP.

Expected Schedule and Resolution Progress

Currently, the lawsuit between the SEC and Ripple is temporarily on hold for both parties to work towards a settlement. The deadline for this process is June 10, 2025, just one week before the decision date for the new XRP ETF.

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