XRP News Today: Crenshaw's No Vote Blocks XRP ETF Despite Meeting All Criteria

Caroline Crenshaw, Commissioner of the U.S. Securities and Exchange Commission (SEC), has once again cast a lone dissenting vote against an XRP exchange-traded fund (ETF) proposal, this time adding to a pattern of opposition that has sparked scrutiny from the cryptocurrency community. Out of 13 crypto ETF-related votes—including those on Bitcoin, Ethereum, and in-kind redemption structures—Crenshaw has consistently voted “no,” making her the only commissioner to do so in each instance. Her rejection of the XRP ETF has raised questions about whether her stance is rooted in regulatory caution or a more personal opposition to digital assets [1].

Crenshaw’s latest vote against the XRP ETF was notable given that the token met all technical requirements for approval, including maintaining a six-month derivatives history. The decision has unsettled investors and industry observers, especially in light of the recent success of ProShares’ Ultra XRP ETF (UXRP), which launched on NYSE Arca in July. At the time, market confidence was strong, with platforms such as Polymarket showing odds of approval as high as 90%. However, following Crenshaw’s dissent, those odds have since fallen to approximately 65%, casting doubt on the future of the XRP ETF [1].

Crenshaw’s resistance to crypto ETFs is not limited to XRP. She has previously opposed the SEC’s guidance on liquid staking and USD-pegged stablecoins, arguing that these rules lack a solid legal foundation and could weaken investor protections. In a May address at the “SEC Speaks” conference, Crenshaw criticized the agency’s handling of crypto assets, describing it as a “regulatory Jenga” that risks dismantling long-standing market protections [1].

Some observers, including crypto commentator Xaif, have interpreted Crenshaw’s consistent “no” votes as more than just regulatory caution. Her repeated rejection of XRP ETFs, despite the asset meeting all technical criteria, has led to speculation that her stance may be driven by ideological opposition. Xaif’s analysis on social media highlights the growing perception that Crenshaw’s actions appear increasingly personal in nature [1].

Bloomberg analyst Eric Balchunas has pointed out that XRP, like Bitcoin and Ethereum before it, meets all necessary criteria for ETF consideration. Yet, Crenshaw’s continued skepticism has created a regulatory roadblock, reinforcing broader challenges in the crypto industry’s pursuit of mainstream acceptance [1]. Whether her opposition stems from genuine concern or a deeper bias, her influence is reshaping expectations for XRP’s future in the ETF market and highlighting the complex regulatory landscape facing digital assets.

As the SEC continues to navigate these challenges, Crenshaw’s dissent remains a significant factor in shaping the trajectory of XRP and other crypto assets seeking traditional financial market access. The outcome of future ETF proposals will likely depend on whether the commission can reconcile differing viewpoints and establish a more unified regulatory approach [1].

Sources:

[1] [https://timestabloid.com/secs-crenshaw-says-no-to-xrp-etf/](https://timestabloid.com/secs-crenshaw-says-no-to-xrp-etf/)