The SEC has once again postponed its decision on Franklin Templeton’s proposed XRP Spot ETF, extending the deadline to June 17th, 2025. While some investors are expressing concern, experts suggest this delay isn’t unusual and aligns with the agency’s history of waiting for active futures markets before approving spot ETFs. Notably, the SEC has followed a similar pattern with previous crypto ETFs like Bitcoin and Ethereum, only proceeding once clear trading data is available. This delay underscores the SEC’s cautious approach to crypto-related ETF approval, as it applies to other applications involving Ethereum staking, Dogecoin, and even Solana (SOL) and Hedera Hashgraph (HBAR). Final deadlines for these applications are still expected later in 2025. The arrival of new SEC leader Paul Atkins is likely contributing to this extended process. Furthermore, the ongoing legal battle between the SEC and Ripple Labs might play a role. A potential settlement involving XRP tokens instead of cash could lead to the SEC delaying approval for any XRP Spot ETFs until after the settlement agreement. This logic suggests that an ETF approval would impact the XRP market price, potentially affecting the value of any agreed-upon settlement in XRP tokens.