The U.S. SEC has pushed back its decision on a proposed XRP spot ETF from Franklin Templeton to mid-June, aligning the new deadline—June 17—with a critical moment in the ongoing Ripple lawsuit.
According to legal analyst Bill Morgan, the timing is too close to be a coincidence.
A federal judge has required the SEC to update the court on the status of its appeal against Ripple by June 15. Morgan speculates that the ETF delay may be a deliberate move, allowing the agency to assess legal momentum before taking a stance on the XRP fund.
With regulatory tone shifting under the SEC’s new crypto-friendly leadership, this could be a pivotal moment for XRP’s future.
Investors are watching closely, hoping for clarity. If the Ripple appeal wraps in favor of the company, it could pave the way for broader institutional adoption of XRP—including ETF approval. Some in the community see the unresolved lawsuit as a barrier holding XRP back from catching up with peers like Bitcoin and Ethereum.
When Ripple’s CEO previously hinted at a potential SEC withdrawal earlier this year, the market responded with a brief price surge. Since then, XRP has slipped to around $2.19, despite a modest rise in trading activity. Market sentiment suggests a rally could follow any positive resolution—legal or regulatory.
The next few weeks may determine whether XRP becomes a regular feature in ETF markets or continues to linger under legal uncertainty.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/xrp-etf-decision-delayed-as-sec-monitors-ripple-appeal/