XRP News Today: XRP ETF Approval Odds Fall to 65% as SEC Commissioner Crenshaw Continues Opposition

XRP ETF approval odds have declined to 65% as of August 8, 2025, according to recent market analysis and data from prediction platforms, driven largely by continued opposition from SEC Commissioner Caroline Crenshaw [1]. Crenshaw has consistently voted against all 13 crypto ETF proposals reviewed by the SEC this year, including those for Bitcoin, Ethereum, and various rule changes involving in-kind redemption mechanisms. Her position remains the only dissenting vote in each case, raising concerns among investors about potential bias against crypto products [1].

Despite XRP meeting updated SEC standards—including six months of derivatives trading—the regulatory environment remains uncertain due to Crenshaw’s ongoing resistance. This has cast doubt on the timeline for XRP ETF approval, even as broader market interest and potential institutional involvement, particularly from BlackRock, have fueled speculation [1]. BlackRock’s digital asset director, Maxwell Stein, is set to speak at Ripple’s Swell 2025 event, adding to the sense that major financial players are considering XRP as a viable asset for ETF products. However, Crenshaw’s position continues to act as a key hurdle to progress [1].

Market sentiment has been volatile amid this uncertainty. Approval odds for the XRP ETF had previously reached as high as 90% earlier in the year before falling sharply to 65% following Crenshaw’s renewed resistance. Analysts note that this instability is likely to continue unless her stance softens or is overridden by a majority vote from the SEC [1]. Polymarket data also indicates a sharp drop in odds prior to a slight rebound to 72%, underscoring the market’s sensitivity to regulatory developments [1].

Crenshaw’s influence extends beyond XRP. Her criticism of SEC guidance on stablecoins and staking protocols reflects a broader skepticism of digital asset regulation. As the only Democratic Commissioner on the panel, her views have drawn attention to the political dynamics shaping the regulatory landscape [1]. Her consistent rejection of crypto ETFs has also raised questions about the fairness and transparency of the approval process, particularly in comparison to the rapid approvals of Bitcoin and Ethereum ETFs [1].

The ProShares Ultra XRP ETF (UXRP) launched on NYSE Arca in July 2025, marking progress in XRP’s institutional adoption. However, the full XRP ETF listing remains pending at the SEC. Crenshaw’s resistance has disrupted the momentum that had been building since mid-2024, leaving investors and market participants in a holding pattern as they await further clarity on upcoming SEC decisions [1].

The future of the XRP ETF remains uncertain. While XRP has met regulatory thresholds and shown growing institutional interest, the outcome of the approval process may ultimately depend on how the rest of the SEC voting panel responds to Crenshaw’s continued dissent. The market is closely watching for any signs of change in the regulatory landscape, as the final decision could have a significant impact on XRP’s trajectory in 2025 [1].

Source: [1] XRP ETF Approval Odds Decline to 65% Amid SEC’s Crenshaw’s Ongoing Resistance and Market Speculation (https://en.coinotag.com/xrp-etf-approval-odds-decline-to-65-amid-secs-crenshaws-ongoing-resistance-and-market-speculation/)