#AltcoinETFsPostponed

🚨 SEC Delays Decision on Dogecoin and XRP ETF Products until June 🚨

The SEC has postponed its decision regarding the proposed Dogecoin ETF by Bitwise and the XRP investment product from Franklin Templeton until June. This delay has triggered mixed reactions from traders and the altcoin community, with some viewing it as cautious progress while others express frustration over the prolonged regulatory uncertainty. Conversations surrounding the legitimacy of altcoins and institutional interest continue to heat up 🔥

Here are the key points related to this delay:

- Reason for Delay: The SEC stated that they need more time to evaluate the ETF proposals and consider related issues. In its official filing, the SEC felt additional time was necessary to analyze the proposed rule changes.

- Delayed Proposals:

Bitwise Dogecoin ETF: Proposal to register and trade shares of an ETF based on Dogecoin.

Franklin XRP Fund: Proposal for a spot XRP ETF submitted by Franklin Templeton.

- New Deadlines: The SEC has set new deadlines to provide decisions:

Bitwise Dogecoin ETF: Until June 15, 2025.

Franklin XRP Fund: Until June 17, 2025.