XRP News Today: SEC Delays Decisions on XRP Dogecoin ETFs Seeks Public Input

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decisions on several spot-based exchange-traded fund (ETF) proposals linked to cryptocurrencies, including those for XRP and Dogecoin. The affected filings include submissions from Grayscale, 21Shares, and a separate application for the Grayscale Dogecoin Trust. According to documents published on the SEC’s official site, the agency has initiated formal proceedings to further assess these proposed products. This process involves inviting public feedback to aid in evaluating the legal and regulatory implications of these ETF proposals.

The SEC’s call for public input is part of its ongoing effort to navigate the evolving landscape of crypto investments. The regulator has emphasized that the proposals raise complex questions that deserve in-depth public discourse. Stakeholders have 21 days to submit comments and up to 35 days for rebuttal comments after the publication in the Federal Register.

These delays are consistent with the SEC’s pattern of extending review timelines for various crypto-linked ETFs. Over the past several months, the agency has repeatedly pushed back deadlines for rulings on applications from multiple firms. Notably, in March, the SEC delayed decisions on applications from Grayscale, 21Shares, VanEck, and Canary. The decision on Grayscale’s XRP Trust ETF, initially set for May 21, has been pushed back further as the commission continues to examine whether the ETF proposals meet regulatory requirements under Section 6(b)(5) of the Securities Exchange Act. These measures aim to protect investors from fraud and ensure fair market practices.

According to an analyst, these delays align with the SEC’s standard approach to ETF filings, especially those involving spot crypto assets. The regulator generally utilizes the entire 240-day review window before making a final decision. The analyst expects spot-based crypto ETFs to be approved by Q4 2025, with October remaining the most likely timeframe for a final ruling on the XRP ETF proposals.

Despite these regulatory hurdles, industry leaders remain optimistic. Nate Geraci believes the SEC will approve the proposed ETFs, including those related to altcoins. This sentiment reflects a broader view in the crypto industry that regulatory clarity is on the horizon, even if it involves extended deliberation. While the SEC’s latest actions reinforce its cautious stance on crypto-linked financial products, they also underscore the agency’s commitment to thorough due diligence and public engagement. As the comment and rebuttal periods unfold, the market will be closely watching for signs of regulatory evolution that could shape the next wave of crypto investment opportunities.