XRP news today: SEC Extends XRP ETF Decision Deadline to June 17, 2025

The U.S. Securities and Exchange Commission (SEC) has extended the decision deadline for Franklin Templeton’s proposed spot XRP ETF to June 17, 2025. This delay, which pushes the new decision date from the original May 3 deadline, is part of a familiar regulatory pattern seen across previous crypto ETF proposals. The filing, submitted by Cboe BZX Exchange on March 13, formally entered its initial 45-day review period on March 19. The SEC cited the need for additional time to evaluate the application as the reason for the extension.

Ask Aime: "SEC Extends Franklin Templeton XRP ETF Decision Deadline"

Franklin Templeton, one of the largest asset managers, is leading the institutional push for XRP-based investment products. The firm submitted its S-1 registration to the SEC in April, signaling deeper institutional interest in crypto-based assets. Several peer filings also face similar extensions, indicating a broader regulatory scrutiny of crypto ETFs.

Ask Aime: What's the latest on Franklin Templeton's spot XRP ETF proposal?

A prominent market commentator, known as Brett, has raised concerns regarding the SEC's decision to delay approval of the Franklin Templeton XRP Trust. According to Brett’s statement, the delay is not a product of bureaucratic inefficiency, but rather a strategic move tied to potential settlement proceedings between the U.S. government and Ripple. Brett argues that the SEC’s latest extension lacks rationale, proposing that the delay is part of a larger plan to manage the price of XRP in the short term.

Brett contends that if the government settles with Ripple and allows payment in XRP, it would not be in the government’s interest to allow its price to rise before the payment. He stated that approving a spot XRP ETF ahead of such a settlement would lead to a price surge, requiring the government to allocate a higher quantity of XRP for the same payout. Therefore, Brett suggests that delaying the ETF is a calculated decision to “hold off the rally” and keep XRP’s price suppressed until the settlement is finalized.

The analyst suggested that regulatory approval would only be granted after meeting those obligations. He said this would allow the ETF to launch and the market to respond. Brett concluded that this is not a case of poor regulatory timing but rather a deliberate attempt to control market dynamics to benefit future legal or financial negotiations.

Brett’s analysis challenges the conventional interpretation of regulatory delay as inefficiency. Instead, he characterizes the SEC’s actions as part of a deliberate timeline designed to avoid artificially inflating the cost of any future XRP-based settlement. He concluded his message by asserting that what many perceive as incompetence is in fact “a well-timed, calculated game.”

The delay in the decision on the XRP ETF has sparked various reactions from experts. Brett, an industry analyst, contends that the delay is a calculated decision by the SEC to “hold off the rally” and keep XRP's price suppressed. This perspective suggests that the regulatory body may be using delays as a tool to manage market volatility and protect investors from potential risks associated with volatile assets.

Despite the regulatory delays, the XRP price has remained steady. This stability indicates that the market is not overly concerned about the delay and that investors are maintaining their confidence in the asset. The delay also provides an opportunity for the SEC to conduct a thorough review of the application, ensuring that all regulatory requirements are met before approval.

The extension of the decision deadline for the XRP ETF highlights the SEC's cautious approach to regulating crypto assets. While the delay may be frustrating for investors and asset managers, it is a necessary step to ensure the integrity and stability of the financial markets. The SEC's thorough review process is essential for protecting investors and maintaining public trust in the regulatory system. As the decision date approaches, market participants will be closely monitoring the SEC's actions and the potential impact on the crypto market.