SEC Signals XRP ETF Still in Play—Delays Aren’t Death Sentences

The SEC just threw crypto bulls a bone—delays on XRP ETF approvals aren't flat-out rejections. Here's why the game isn't over.

Regulatory Chess, Not Checkmate

Wall Street's favorite buzzkill (the SEC) clarified that dragging its feet doesn't mean slamming the door. XRP maximalists can still hedge their bets—for now.

The Fine Print

No hard deadlines, no smoking guns—just bureaucratic purgatory. But in crypto years? This counts as progress.

Bottom Line

Until the SEC starts rubber-stamping ETFs between martini lunches, treat this as a stay of execution—not a pardon. Meanwhile, traders will keep front-running the news like it's their job. (Oh wait, it is.)

TLDR

• SEC Commissioner Hester Peirce assured investors that delays in the XRP ETF approval process do not indicate rejection.
• Peirce explained that the SEC’s bureaucratic structure often causes delays but emphasized that careful review is necessary.
• The SEC extended the review period for Franklin Templeton’s proposed XRP ETF until September 2025 for further research.
• Peirce highlighted the importance of thorough compliance checks to ensure investor protection before approving any cryptocurrency ETFs.
• The SEC’s approach to the XRP ETF aims to prevent past inefficiencies seen with Bitcoin ETF reviews and ensure a transparent process.

SEC Commissioner Hester Peirce recently addressed concerns regarding the potential rejection of spot ETFs, including the proposed XRP ETF. Investors and market participants have expressed frustration due to delays in the approval process for various cryptocurrency ETFs.

These delays have raised doubts about the SEC’s stance on products like the XRP ETF, as well as others like Litecoin and Dogecoin ETFs. However, Peirce clarified that delays do not signify outright rejection, offering a more optimistic outlook for the XRP ETF.

SEC Delays ETF Listings but Signals Progress for XRP ETF

In a recent interview, SEC Commissioner Hester Peirce acknowledged the frustration surrounding the repeated delays of several ETF proposals, including the XRP ETF. She emphasized that the SEC’s bureaucracy often slows the review process, but this should not be mistaken for rejection. Peirce explained that thorough examination is necessary, and the agency works within the confines of its regulations, which can sometimes delay progress.

Peirce pointed out that the SEC’s review process, while slow, aims to ensure thorough compliance and investor protection. She specifically mentioned the decade-long review of Bitcoin ETFs as an example of how prolonged deliberations are sometimes necessary to assess new financial products. Although the delays may cause impatience, Peirce clarified that the SEC is not dismissing the proposed XRP ETF or others. In fact, the process is still ongoing, and investors should not interpret the delays as a rejection of the XRP ETF.

SEC Not Closing Door on XRP ETF Approval

The SEC’s careful approach is not only focused on XRP but also on other digital asset ETFs like those for solana and Dogecoin. According to Peirce, the agency is committed to ensuring that the market is ready for such products, and this involves detailed review and research. The SEC recently extended the review period for Franklin Templeton’s proposed XRP ETF until September 2025, highlighting the need for further market research and compliance checks.

Despite the extended review period, Peirce made it clear that the XRP ETF remains a potential avenue for approval. The additional time is being used to gather more data and ensure that all regulatory standards are met before any decisions are made. With careful consideration, the SEC is determined to prevent a repeat of past inefficiencies seen in the bitcoin ETF review process, where a court order was required to push things forward.