The US Securities and Change Fee continues to delay making a choice on numerous spot crypto ETFs, together with over a dozen that need to monitor the efficiency of Ripple’s native token.
These postponements come even after the management adjustments on the company following Trump’s presidential victory and Gary Gensler’s departure. So why is that this? A well-liked XRP Military member outlined his tackle the matter.
Why the Delays, SEC?
Recall that the US securities watchdog went on a delaying spree in mid-August, by extending the deadlines for quite a few spot XRP ETF functions to October, which urged the issuers to make a number of changes to their functions. This was simply the beginning, because the SEC delayed Franklin’s submitting as effectively earlier this week, whose deadline is now set for November as a substitute of September 17.
John Squire, a preferred and vocal member of the XRP Military, determined to dig slightly deeper into these postponements, particularly the Franklin ETF. He famous that the company “virtually at all times” delays first-round ETF filings, because it did a number of instances for the functions for Bitcoin and Ethereum earlier than finally approving them. This helps it purchase a while for public feedback and extra in-depth inner evaluate, he added.
Squire, who has over 500,000 followers on X, believes there’s political strain as a result of as soon as the SEC approves the XRP ETFs, this is able to equal recognizing institutional demand for the asset.
“The SEC drags its ft to keep away from shifting ‘too quick’ in a sizzling political yr.”
He added that the company needs “readability on custody, settlement, and surveillance-sharing agreements,” because it goals to examine each field earlier than approval.
Delays Are Not Rejections
Squire emphasised that regardless that the Fee has delayed quite a few ETF functions, it hasn’t rejected them, which ought to be thought of a constructive signal. Each Bitcoin and Ethereum went by means of related procedures earlier than the inevitable inexperienced lights in 2024.
The favored X person indicated that Wall Road needs publicity to XRP and concluded that Ripple ETFs are “inevitable.”
Backside line:
A delay just isn’t rejection. It’s a part of the SEC’s guidelines.
Wall Road needs publicity.
And in the end, spot $XRP ETFs are inevitable.
— John Squire (@TheCryptoSquire) September 12, 2025
ETF consultants and Polymarket odds are inclined to agree along with his daring assertion. Nate Geraci from the ETF Institute lately said that the precise possibilities for XRP ETFs to achieve the US markets this yr are nearer to 100%, whereas the betting platform is at the moment not removed from that quantity.
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