Crypto lawyer Bill Morgan noted that October 2025 will be an important month for Ripple as the company is set to make two epochal decisions. This came after the U.S. Securities and Exchange Commission canceled decisions on several XRP ETF applications.
Why October is crucial for Ripple.
In a recent post, Bill Morgan stated that October could play a huge role in the rise of XRP. This came after the recent decision by the Securities and Exchange Commission (SEC) to postpone the review date for various XRP ETF applications. He also emphasized that the decision regarding Ripple's banking license could be made in October.
“All these spot ETFs, including the spot XRP ETFs, are being delayed until the end of October 2025. Additionally, there is Ripple's application for a national bank license… which is due by the end of October. A lot can happen simultaneously in October,” he noted.
Although most of Ripple's business plan remains confidential, the results of these expected approvals will be of immense significance. The creation of an XRP ETF will signal the market's recognition of the company, and obtaining a national certification will solidify Ripple's operations within the U.S. financial system.
Now, after the conclusion of the legal process between the SEC and Ripple, the company is approaching integration with mainstream markets and increasing regulatory transparency. The token's value would significantly rise if the XRP ETFs were approved.
Key regulatory decisions are expected in October.
The Securities and Exchange Commission (SEC) has officially extended the review period for several XRP ETF applications. These include applications from 21Shares, Grayscale, Bitwise, CoinShares, Canary Capital, WisdomTree, and Franklin Templeton.
Initially, the deadline was supposed to be August, but the commission shifted it by 60 days, setting mid-to-late October as the final deadline for decision-making. According to regulatory timelines, the Securities and Exchange Commission (SEC) cannot extend deadlines beyond this point. This means that a final decision on the ETF is likely to be made by October.
Institutional investors would regulate access to the altcoin if the XRP ETF were approved. This could lead to increased liquidity and broader adoption. On the other hand, Ripple's attempts to integrate its ecosystem into traditional financial markets would face rejection.
An additional advantage of October is the fact that by this time, a decision is expected to be made on Ripple's application for a U.S. national banking license. According to the recommendations of the Office of the Comptroller of the Currency (OCC), applications are typically reviewed within 120 days, which means Ripple's deadline falls at the end of October.
As October approaches, Ripple is at a turning point in the regulatory decision-making process. This month could determine whether XRP can firmly establish itself in the American financial system.