美國證券交易委員會（SEC）再次推遲了對富蘭克林·鄧普頓（Franklin Templeton）擬議的XRP Spot ETF的決定

美國證券交易委員會（SEC）再次推遲了對富蘭克林·鄧普頓（Franklin Templeton）擬議的XRP現貨ETF的決定，將截止日期推向2025年6月17日。

The U.S. Securities and Exchange Commission (SEC) has shifted the final decision deadline for Franklin Templeton’s proposed XRP Spot ETF application once more, extending it to June 17th, 2025.

美國證券交易委員會（SEC）已將富蘭克林·鄧普頓（Franklin Templeton）擬議的XRP Spot ETF申請的最終決定截止日期移至2025年6月17日。

While this news might stir anxiety among investors, experts like James Seyffart, an ETF analyst at Bloomberg, highlight that such delays are to be expected and shouldn’t spark panic. The SEC typically prefers to see CME (Chicago Mercantile Exchange) futures contracts for a cryptocurrency fully operational and collect sufficient trading data before considering approval for a spot ETF.

儘管這一消息可能會激起投資者的焦慮，但彭博社的ETF分析師詹姆斯·塞法特（James Seyffart）等專家強調，這種延誤是可以預料的，不應引起恐慌。 SEC通常更喜歡查看CME（芝加哥商品交易所）期貨合約，以完全運行加密貨幣，並在考慮批准現貨ETF之前收集足夠的交易數據。

This strategy ensures the SEC has a valuable sample of the market to assess before granting approval for a spot ETF, especially given the SEC’s role in protecting investors and maintaining market stability.

該策略可確保SEC在批准現貨ETF之前有一個有價值的市場樣本可以評估，尤其是考慮到SEC在保護投資者和保持市場穩定性方面的作用。

The SEC is also delaying decisions on other crypto-related ETFs, including those tied to Ethereum staking and Dogecoin. According to Seyffart, further delays this week are anticipated for ETF applications linked to Solana (SOL) and Hedera Hashgraph (HBAR).

SEC還延遲了對其他與加密相關的ETF的決定，包括與以太坊含有和狗狗蛋白有關的決定。根據Seyffart的說法，與Solana（Sol）和Hedera Hashgraph（HBAR）相關的ETF應用程序預計將有進一步的延遲。

The majority of these applications’ final deadlines fall in late 2025, leaving ample time for the regulatory process to unfold. Additionally, Paul Atkins has recently joined the SEC, and it might take some time before the new leadership shapes policy decisions in collaboration with other commissioners like Hester Peirce.

這些應用程序的大多數最終截止日期在2025年底落在，因此有足夠的時間進行監管過程。此外，保羅·阿特金斯（Paul Atkins）最近加入了SEC，可能需要一些時間才能與Hester Peirce這樣的其他專員合作制定政策決定。

A Theory Emerges

理論出現了

In a related note, a social media user has pointed out that if the SEC and Ripple Labs are discussing settling their case with payment in XRP tokens rather than cash, the SEC might prefer delaying the approval of any XRP Spot ETFs until after the settlement.

在相關說明中，社交媒體用戶指出，如果SEC和Ripple Labs討論通過XRP代幣而不是現金來解決其案件，則SEC可能更喜歡延遲任何XRP Spot ETF的批准，直到結算後。

This is due to the fact that ETF approval would likely increase the price of XRP significantly, potentially affecting the value of any settlement made in XRP. Currently, the case is in abeyance (on hold) as both parties work towards a settlement agreement, with the deadline set for June 10th, 2025—just a week before the new XRP ETF decision date.

這是由於以下事實：ETF批准可能會大大提高XRP的價格，可能會影響XRP中任何定居點的價值。目前，此案是暫時的（擱置），因為雙方雙方朝著和解協議努力，截止日期定於2025年6月10日，這只是在新的XRP ETF決策日期之前的一周。