XRP News Today: XRP ETF Approval Odds Fall to 62% as SEC Commissioner Crenshaw Opposes

The approval prospects for an XRP exchange-traded fund (ETF) have recently declined amid ongoing opposition from U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw, a consistent critic of cryptocurrency-related financial products. Despite the optimism of some analysts, the odds of the SEC approving an XRP ETF dropped to 62% on the prediction platform Polymarket following the disclosure that Crenshaw voted against 13 crypto ETF initiatives, including those for XRP, on July 29. This marked a notable decline from earlier levels [1]. Crenshaw’s stance, however, is viewed by many as unlikely to significantly impact the final decision, given her minority position within the commission [2].

Bloomberg’s senior ETF analyst Eric Balchunas has continued to maintain a 95% approval forecast for an XRP ETF, dismissing the overreaction to Crenshaw’s vote as unwarranted. He noted that her position as the lone crypto skeptic within the SEC does not alter the broader trajectory of regulatory developments favoring crypto ETFs. Balchunas emphasized that her dissent is routine and does not reflect a shift in the agency’s overall direction [3].

Crenshaw’s anti-crypto stance extends beyond ETF proposals. She has criticized the SEC’s settlement with Ripple, suggesting the agency lacked confidence in its legal position. Her views were reinforced by a judicial rejection of the settlement, which led Ripple to withdraw its cross-appeal against the SEC. While the SEC has yet to respond, Crenshaw’s continued opposition highlights the political and philosophical challenges in crypto regulation [4].

Market sentiment, however, remains cautiously optimistic. Following Ripple’s legal settlement with the SEC, XRP prices surged by 10%, signaling investor confidence. Although the ETF approval odds dipped to 62%, technical indicators, including a key triangle breakout, suggest continued bullish momentum, with price targets set at $3.18 and $3.32 [5].

Crenshaw’s broader criticisms also extend to other aspects of crypto regulation, such as liquid staking and stablecoins. She has expressed concerns about the lack of clarity in the SEC’s advisory on liquid staking and disagrees with the characterization of stablecoins as “digital dollars,” warning that such terminology could mislead investors. Her regulatory skepticism adds an additional layer of uncertainty to the future of crypto ETFs and related products [6].

Despite the recent drop in approval odds, the technical requirements for an XRP ETF appear to be met, including six months of derivatives trading. The final approval decision, however, remains subject to the SEC’s internal dynamics and evolving regulatory philosophy. As the agency navigates these complexities, investors and market participants continue to watch closely for any developments that could shape the future of XRP ETFs [7].

Source:

[1] https://www.ainvest.com/news/xrp-news-today-xrp-etf-approval-odds-fall-65-sec-commissioner-continued-opposition-2508/

[2] https://coincentral.com/xrp-etf-approval-drops-as-sec-commissioner-crenshaw-votes-against-it/

[3] https://coinedition.com/xrp-etf-approval-odds-bloomberg-analyst-confident-sec-stance/

[4] https://bitcoinist.com/xrp-etf-commissioners-vote/

[5] https://www.fxleaders.com/news/2025/08/08/xrp-price-jumps-4-as-etf-odds-dip-to-65-triangle-breakout-eyes-3-32/