XRP news today: XRP ETF Approval Hopes Rise With New SEC Chair

Speculation is growing around the potential approval of spot XRP ETF applications as positive shifts in cryptocurrency regulation unfold under the current administration. This anticipation is driven by significant changes at the US Securities and Exchange Commission (SEC), notably the appointment of Paul Atkins as the new chair. Atkins is known for his pro-crypto stance, marking a shift from the stringent regulatory environment established by former chair Gary Gensler.

The timing of a possible XRP ETF approval is further highlighted by reports of a potential meeting between Ripple Labs’ executive chairman and co-founder Chris Larsen and SEC Chair Paul Atkins. Such discussions could expedite decisions on XRP ETF applications. Earlier this week, it was noted that the SEC has set a new deadline of June 17, 2025, for either approving or disapproving the XRP ETF application submitted by asset manager Franklin Templeton or initiating further proceedings to assess the proposal.

While the June deadline is crucial, market participants are also preparing for a series of decisions expected in the fourth quarter of 2025. A pivotal date for a potential spot XRP ETF decision by the regulatory body is mid-October, around the 18th of this year. Adding to the excitement, a crypto investor recently shared on social media that insiders suggest the meeting between Larsen and Atkins, reportedly scheduled for May 2, could bring the approval of XRP ETF applications closer to reality. However, as of Thursday, no official confirmation or statements have been released by either party, leaving this scenario uncertain.

The ongoing speculation for XRP ETF applications comes amid a more favorable environment for Ripple Labs, which has long advocated for regulatory changes in the US. The previous administration faced criticism for its enforcement actions and lawsuits targeting major players in the crypto sector, including Ripple Labs itself. Since Gensler’s resignation on January 20, 2025, several lawsuits against prominent companies have been dropped, further easing regulatory pressures. This renewed optimism not only fuels hopes for XRP ETF approval but also raises expectations for other crypto ETFs, including those for Litecoin (LTC), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA), which may also receive approvals later this year.