The U.S. Securities and Exchange Commission (SEC) has shifted the decision date on the Franklin Templeton-backed spot XRP ETF to June 17, 2025. This move coincides with a deadline for the SEC’s status report in its ongoing case against Ripple. Pro-crypto lawyer Bill Morgan suggests this delay may not be random, as it occurs just two days after the SEC must file its update on the Ripple appeal. The SEC is obliged to provide a progress report by June 15th, just before the XRP ETF decision is due. Many believe this delay reflects a strategic effort by the SEC to observe the outcome of the Ripple appeal before taking a stance on the ETF. If Ripple wins their appeal, it could increase the likelihood of the ETF receiving approval. However, the SEC’s cautious approach stems from a desire to avoid legal uncertainties in the Ripple case. The SEC is under leadership of Chair Paul Atkins, known for his supportive stance towards crypto and cautious regulatory approach.