On April 29, 2025, the U.S. Securities and Exchange Commission extended its decision on the XRP and Dogecoin ETFs, with a final ruling expected in October.
The SEC's delay in the decision on the XRP and Dogecoin ETFs reflects the agency's cautious stance towards cryptocurrency investments, with little immediate impact on the market.
The U.S. Securities and Exchange Commission, under the leadership of Paul Atkins, has decided to postpone its decision on the XRP and Dogecoin ETFs. The decisions, initially expected in April 2025, are now anticipated in October.
Franklin Templeton and Bitwise, key players in the market, have postponed their ETF applications. Meanwhile, the market remains stable, reflecting reasonable pricing for the possibility of delays. ProShares has also changed the launch date for its futures-based XRP ETF.
The Commission finds it necessary to designate a longer timeframe to act on the proposed rule change to ensure sufficient time to evaluate the proposal and the concerns raised. — Paul Atkins, Chair of the U.S. Securities and Exchange Commission (Source)
The SEC's postponement decision has minimal immediate impact on the cryptocurrency market. The prices of XRP and Dogecoin remain stable, reflecting expectations of delays among market participants and consistent with similar patterns observed in the past.
The cryptocurrency industry as a whole is facing uncertainties as this delay underscores ongoing regulatory challenges. Future decisions are predicted to play a crucial role in shaping market maturity and investor confidence.
As the SEC continues its assessment, analysts expect regulatory processes to influence the adoption of cryptocurrency investment products. Historical data indicates the likelihood of delays before approval, affecting the strategies of market participants. This aligns with the SEC's history of thorough review processes.