The anticipated SEC and OCC decisions in October could significantly affect Ripple and its token XRP. These events attract attention from experts and investors worldwide.
SEC Decision on XRP ETF
The U.S. Securities and Exchange Commission (SEC) has again postponed its decision on the ETF applications based on XRP submitted by CoinShares, Grayscale, and 21Shares until the end of October 2025. This decision will be a critical moment as ETF approval would open access to this financial product for institutional and individual investors.
Ripple's OCC License
Ripple's application for a national bank license in the U.S. may also receive approval in October. The Office of the Comptroller of the Currency (OCC) is legally required to respond to this application, submitted on July 2nd, within 120 days. If approved, Ripple will gain national bank status and expand its operations beyond payment technologies.
Impact of Decisions on Ripple and XRP's Future
According to attorney Bill Morgan, October could be a 'decisive turning point' for Ripple and XRP, as the decisions from the SEC and OCC will play a significant role in the adoption of the token and the company's long-term strategy.
These two major decisions at the end of October may have long-lasting effects on Ripple and XRP, making this period pivotal for their future development.
