The SEC Recently Delayed Its Decision on Franklin Templeton's Proposed XRP Spot ETF, Pushing the Deadline to June 17th, 2025.

The U.S. Securities and Exchange Commission (SEC) has pushed back the decision deadline for Franklin Templeton's proposed XRP spot ETF to June 17, 2025, extending the period for reviewing the application.

The agency usually prefers to await the commencement of futures trading before approving spot ETFs, as observed with Bitcoin (BTC) and Ethereum (ETH) ETF.

Other ETFs linked to ETH and Dogecoin (DOGE) faced delays, with further postponements anticipated next week.

Attorney Bill Morgan Highlights Key Detail

Reacting to this news, attorney Bill Morgan highlighted a crucial detail. He noted that the SEC's decision to delay the XRP ETF approval until June 17, 2025, falls shortly after the deadline for the SEC to file a status update in its appeal against Ripple (XRP).

That update is due 60 days after a court order issued on April 16, 2025. The timing suggests the SEC might be assessing the progress of the Ripple case before proceeding with the ETF decision.

Judge Jose Cabranes instructed the SEC to provide an update on the Ripple case by June 15, 2025, just two days before the SEC will decide on an XRP ETF, hinting at a possible correlation.

Is SEC Deferring Approvals On Purpose?

Some believe the SEC is purposely delaying the XRP ETF approval, intending to conclude the Ripple case first. It remains unclear whether this close proximity is a coincidence or part of a strategic move by the SEC.

The timing seems planned, and investors are keenly following developments.

Crypto enthusiasts eagerly await the outcome of the Ripple lawsuit. A favorable verdict could enhance the possibilities of XRP ETF approval and drive up XRP's price.

The SEC is expected to finalize its decisions on several crypto ETFs in Q4 of this year. Among them, XRP ETFs could be approved or rejected by the SEC around mid-October.