The case between Ripple and the U.S. Securities and Exchange Commission (SEC) is ongoing, and new delays are emerging. Both sides have filed requests to pause the appeal.
Updates on Ripple vs SEC
Ripple and the SEC recently submitted a report to the Second Circuit Court, requesting the court to keep their appeal paused while waiting for a decision from the district court regarding their ongoing lawsuit. This marks an extension of their lengthy legal battle.
What’s Holding Back XRP ETFs
Ripple investors are impatiently awaiting updates on XRP-linked Exchange Traded Funds (ETFs) in the U.S. A key decision is pending for Franklin Templeton's XRP Fund, with a deadline set for June 17, 2025. Experts believe that due to the Ripple vs SEC lawsuit, the SEC will likely delay any decisions regarding these ETFs.
Canada Moves Ahead with ETFs
While the U.S. remains stagnant, Canada is preparing to launch a new ETF on the Toronto Stock Exchange (TSX) on June 18, 2025. This fund will provide Canadian investors with direct exposure to actual Ripple rather than just tracking its price, with availability for tax-advantaged accounts.
For U.S. investors, the focus remains on the court proceedings in the Ripple-SEC case. Once resolved, further initiatives from major players like BlackRock may emerge. Meanwhile, Canada is progressing with investment opportunities, avoiding legal delays.
