News View Non-AMP

XRP Lawsuit News: SEC Delays XRP ETF Until After Ripple Update

Published by
Nidhi Kolhapur

The SEC recently delayed its decision on Franklin Templeton’s proposed XRP Spot ETF, pushing the deadline to June 17th, 2025. 

The agency generally waits for futures trading to begin before approving the spot ETFs, as the same pattern was followed with Bitcoin and Ethereum ETF. Other ETFs tied to Ethereum and Dogecoin were also delayed, with more delays expected in the coming week.

Bill Morgan Notes A Key Detail

In reaction to this news, attorney Bill Morgan pointed out an important detail. He revealed that the SEC’s decision to delay the XRP ETF approval until June 17, 2025, comes just after the deadline for the SEC to file a status update in its appeal against Ripple. 

That update is due 60 days after a court order issued on April 16, 2025. This timing shows the SEC might be waiting to see how the Ripple case progresses before making any decisions about the ETF.

Judge Jose Cabranes told the SEC it must give an update on the Ripple case by June 15, 2025. This is just two days before the SEC will decide on an XRP ETF, which makes it seem like there could be a possible connection. 

Is SEC Delaying On Purpose?

Some believe that the SEC may be delaying the XRP ETF approval on purpose, possibly waiting to finish the Ripple case first. People are unsure if it’s just a coincidence or part of a strategy. This timing looks planned, and investors are watching closely.

The crypto community anxiously awaits the outcome of the Ripple lawsuit. A positive outcome could boost the chances of XRP ETF approval and increase XRP’s price. The SEC is expected to make final decisions on several crypto ETFs in the Q4 this year. XRP ETFs are likely to be approved or rejected by the SEC around mid-October. 

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Dogecoin Price Analysis and Forecast: DOGE Price Confirms Early Bull Phase

A consistent close above the resistance range between 19 cents and 20 cents will trigger…

May 2, 2025

‘Bitcoin Price May Reach $125K to $150K by September 2025’ – But Wait, Here’s the Twist

The crypto market capitalization has surged back above $3 trillion, displaying the growing strength within…

May 1, 2025

USDT Issuer Tether Reports $1 Billion Q1 Profit, Marking Sharp Drop from Previous Quarter

Tether, the company behind the USDT stablecoin, said it had nearly $120 billion invested in…

May 1, 2025

Top Altcoins to Watch in May: Bonk, Sui, and Official Trump Prices Poised for a Major Comeback

In April, the crypto market was very unstable because of the growing trade conflict between…

May 1, 2025

Worldcoin Enters the US Markets—Chart Hints at $2.2-Here’s What’s Next

The Worldcoin price seems to be ready to defend $1 support as it has remained…

May 1, 2025

Altseason 2025: 3 Altcoins to Stack Before the Big Pumps

The crypto market is rising, and several altcoins are positioning themselves for big moves. With…

May 1, 2025