SEC Delays Decision on Franklin Templeton’s XRP ETF, Impacting Market Sentiments

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s application for a spot XRP ETF, pushing the deadline to June 2025. This move signals a cautious regulatory approach under newly appointed SEC Chairman Paul Atkins, raising uncertainties surrounding cryptocurrency ETFs. Market uncertainty persists as no immediate changes are expected in XRP flows. The delay echoes past decisions impacting other cryptocurrencies like Dogecoin and Solana.