Cryptocurrency lawyer Bill Morgan stated that October 2025 is crucial for Ripple as the company faces two landmark rulings. Previously, the U.S. Securities and Exchange Commission (SEC) delayed decisions on multiple XRP ETF applications.
Why October is crucial for Ripple
Bill Morgan stated in a recent article that October could be critical for XRP's growth. Previously, the SEC decided to postpone the approval dates for multiple XRP ETF applications. He also emphasized that Ripple's bank charter approval might be decided in October.
He noted: "All spot ETFs, including the XRP spot ETF, will be postponed until late October 2025. Then, Ripple's application for a national bank charter... will also be at the end of October. A lot of things may happen simultaneously in October."
While much of Ripple's business plan remains confidential, the outcomes pending approval will have a significant impact. The XRP ETF will signify market recognition, while the national charter will solidify Ripple's operations within the U.S. financial system.
Now that the SEC and Ripple's lawsuit has concluded, the business is moving towards mainstream integration, and regulation is becoming more transparent. If the XRP ETF is approved, the token will see a significant rise.
Key regulatory decisions are expected to be announced in October
According to CoinGape, the U.S. Securities and Exchange Commission has officially extended the review period for multiple XRP ETF applications. This includes applications from 21Shares, Grayscale, Bitwise, CoinShares, Canary Capital, WisdomTree, and Franklin Templeton.
The SEC initially postponed the deadline by 60 days, which was originally set for a decision in August. According to the regulatory timeline, the SEC cannot further extend the deadline beyond this point. This means the ETF is likely to receive a final decision before October.
If the XRP ETF is approved, institutional investors will be able to regulate their investments in altcoins. This could increase liquidity and adoption rates. On the other hand, Ripple's attempts to integrate its ecosystem with traditional financial markets will be hindered if rejected.
More critically, the approval of Ripple's application for a U.S. national bank charter is also expected to be completed before October. According to the Office of the Comptroller of the Currency (OCC) guidelines, applications are typically reviewed within 120 days, so Ripple's deadline is around the end of October.
The charter will allow Ripple to operate as a federally regulated trust bank. This will place it among the few cryptocurrency companies to achieve this level of regulation. This move will also enhance Ripple's regulatory credibility. The company has also applied for a Federal Reserve master account, which will allow RLUSD reserves to be held directly at the U.S. central bank.
As October approaches, Ripple is at a turning point in regulatory decisions. This month could determine whether XRP can establish a foothold in the U.S. financial system.