XRP ETF Application Faces Delay: SEC’s Timeline Extension

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s spot XRP ETF, dashing hopes for swift approval. The next review is now scheduled for June 17th, signaling a slower regulatory process than anticipated. This delay follows the SEC’s announcement of a prolonged examination under the 19b-4 rulemaking procedure, which investigates the fund’s market impact on stability and investor security.