The United States Securities and Exchange Commission (SEC) has delayed the review of Franklin Templeton's ETF applications for Solana and XRP. This decision highlights the current regulatory tension surrounding cryptocurrency financial products.
Overview of SEC's Decision
The SEC has moved the decision deadline for the Solana ETF to October 2025, and for the XRP ETF to November 2025. This decision reflects procedural delays without indicating approval or rejection.
Details on the Extension
Franklin Templeton aims to create these ETFs as part of its strategy to expand the range of crypto financial products available to the mass market. If approved, these would be among the first in the US, facilitating their integration into mainstream finance.
Regulatory Issues and Their Market Impact
The SEC has stated that the extension is related to the need for thorough analysis and investor protection. The agency is examining whether the proposals meet strict regulatory standards, particularly regarding market manipulation.
After a prolonged wait, investors continue to anticipate the final decision from the SEC, while the regulator maintains its cautious approach to cryptocurrency financial instruments.
