The SEC has commenced the review of Grayscale's XRP ETF proposal with a decision anticipated by October 18. The process involves public commentary and may influence regulatory policies in the crypto space.
Commencement of SEC Review
The 240-day evaluation period for Grayscale's XRP ETF application began after its listing in the Federal Register. The SEC officially accepted the filing on February 14, with a final decision due by October 18.
Evaluation Process and Public Feedback
During the review, the SEC opens a 21-day period for public commentary from stakeholders. The agency's assessment includes ensuring compliance with financial regulations and protecting investors from potential manipulations.
Political Context and Future of Crypto Regulation
The XRP community remains hopeful due to recent positive shifts in the SEC’s stance toward cryptocurrencies. Interim chair Mark Uyeda advocates a pro-crypto position, and President Donald Trump has enacted an order strengthening regulatory oversight.
Grayscale's XRP ETF application review could mark a significant step in the evolution of the crypto industry. The outcome of this process will influence the future of cryptocurrency regulation in the USA.
