October is shaping up to be a crucial month for Ripple and its native token, XRP. Attorney Bill Morgan highlights two significant developments that could significantly impact the coin’s trajectory this year. First, the U.S. Securities and Exchange Commission (SEC) is nearing a final decision on spot XRP exchange-traded funds (ETFs). A delay in the SEC’s decision marks the last opportunity for approval or rejection of these proposals before the deadline arrives late October. This could determine whether XRP gains wider acceptance in the U.S. market, potentially attracting institutional and retail investors. A favorable outcome from the SEC would boost liquidity and credibility for XRP, while a negative outcome may dampen short-term sentiment but maintain the status quo. 2nd, Ripple’s application for a U.S. national banking charter also hangs in the balance. The company submitted its request to the Office of the Comptroller of the Currency (OCC) on July 2nd and is awaiting a decision within 120 days (or an extension if deemed necessary). If successful, it would grant Ripple the ability to expand beyond payments technology into full-fledged banking activities, potentially elevating its standing in the U.S. financial sector and potentially attracting new institutional clients.