美国证券交易委员会（SEC）再次推迟了对富兰克林·邓普顿（Franklin Templeton）拟议的XRP Spot ETF的决定

美国证券交易委员会（SEC）再次推迟了对富兰克林·邓普顿（Franklin Templeton）拟议的XRP现货ETF的决定，将截止日期推向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.

美国证券交易委员会（SEC）已将富兰克林·邓普顿（Franklin Templeton）拟议的XRP Spot ETF申请的最终决定截止日期移至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.

尽管这一消息可能会激起投资者的焦虑，但彭博社的ETF分析师詹姆斯·塞法特（James Seyffart）等专家强调，这种延误是可以预料的，不应引起恐慌。 SEC通常更喜欢查看CME（芝加哥商品交易所）期货合约，以完全运行加密货币，并在考虑批准现货ETF之前收集足够的交易数据。

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.

该策略可确保SEC在批准现货ETF之前有一个有价值的市场样本可以评估，尤其是考虑到SEC在保护投资者和保持市场稳定性方面的作用。

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还延迟了对其他与加密相关的ETF的决定，包括与以太坊含有和狗狗蛋白有关的决定。根据Seyffart的说法，与Solana（Sol）和Hedera Hashgraph（HBAR）相关的ETF应用程序预计将有进一步的延迟。

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.

这些应用程序的大多数最终截止日期在2025年底落在，因此有足够的时间进行监管过程。此外，保罗·阿特金斯（Paul Atkins）最近加入了SEC，可能需要一些时间才能与Hester Peirce这样的其他专员合作制定政策决定。

A Theory Emerges

理论出现

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.

在相关说明中，社交媒体用户指出，如果SEC和Ripple Labs讨论通过XRP代币而不是现金来解决其案件，则SEC可能更喜欢延迟任何XRP Spot ETF的批准，直到结算后。

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.

这是由于以下事实：ETF批准可能会大大提高XRP的价格，可能会影响XRP中任何定居点的价值。目前，此案是暂时的（搁置），因为双方双方朝着和解协议努力，截止日期定于2025年6月10日，这只是在新的XRP ETF决策日期之前的一周。