The U.S. Securities and Exchange Commission (SEC) decision to postpone approval for Franklin Templeton's funds linked to XRP and Solana:
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🛑 What happened?
On June 17, 2025, the SEC issued a notice to start the public comment phase on the proposals submitted by Franklin Templeton for investment funds linked to XRP and Solana, leading to an extension of the final decision deadline by approximately 35 days, likely placing it in late July 2025.
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Why the delay?
1. Standard regulatory procedures
This delay does not necessarily mean that the proposals are rejected; it is part of a traditional auditing process carried out by the authority to ensure full compliance with laws.
2. Opening the field for public comments
The authority opened the period for investors and experts to submit their comments and responses, as part of the legal transparency process.
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What is the impact of these funds?
Funds like these are an important step to legitimize institutional interest in XRP and Solana, especially since Bitcoin and Ether already have available funds.
If the authority approves, this is expected to contribute to boosting capital flows into these currencies and creating a surge in demand for them.
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The road ahead 🌅
The directional deadline now: end of July 2025, after the new deadline following the opening of comments.
Impact of the XRP lawsuit: The ongoing legal dispute between Ripple and the SEC and its impact on XRP classification may delay the final approval process, which could extend the situation until August or late in the year.
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The broader context
Under the current U.S. administration, which is viewed as more friendly to cryptocurrencies compared to previous years, the postponement of these funds is a routine procedure and not a clear rejection.
Previous experiences have shown that the authority granted additional deadlines for similar funds, just to ensure transparency and protect investors.
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✅ Summary:
The authority decided to postpone the decision and extend the review period until the end of July.
The decision is part of standard legal procedures and does not mean that the applications have been rejected.
Approval could establish XRP and Solana funds in the U.S. market.. but please follow the legal case and timeline later.
