The U.S. SEC has postponed the decision date on the XRP-based ETF to June 17, 2025. This announcement has sparked speculation within the crypto community.
Postponed Decision on XRP ETF
The SEC has moved the decision date for the XRP ETF to June 17, 2025, aligning it with the status update deadline in the ongoing Ripple lawsuit.
Lawyer's Insights on Delay Reasons
Pro-crypto lawyer Bill Morgan suggests the timing of this delay may not be coincidental, pointing out that the new ETF decision aligns closely with the SEC's reporting deadline for the Ripple case.
Ripple's Impact on XRP Market
The outcome of the Ripple appeal could shape the SEC's view on XRP and increase the likelihood of the ETF approval. XRP peaked at $2.59 in March, currently trading at $2.19.
Developments in June are expected to significantly influence the XRP market, depending on the outcome of the Ripple appeal and the SEC's decision on the ETF.
