SEC Pushes Back on Franklin Templeton’s XRP ETF Decision, Impacting XRP Price

The U.S. Securities and Exchange Commission (SEC) has delayed its decision regarding Franklin Templeton’s application for a spot XRP ETF to June 17th. This move has resulted in a 2 percent drop for XRP, currently trading near $2.25 after hitting the record-breaking $4,500 level earlier this year. The delay also impacted short-term trader sentiment as market participants adjust their positions before May 1st’s monthly positioning round.