The U.S. Securities and Exchange Commission has shifted the decision date on the Franklin Templeton-backed spot XRP ETF to June 17, 2025. This move has triggered speculation due to its close alignment with the status report deadline in the ongoing Ripple lawsuit appeal.
According to pro-crypto lawyer Bill Morgan, the timing of this delay may not be coincidental. In a recent post on X, Morgan pointed out that the new ETF decision date comes just two days after the SEC must file a report in its case against Ripple.
Judge Jose Cabranes of the New York Circuit Court had earlier ordered the SEC to submit this status update within 60 days of April 16. This places the deadline at June 15, just before the XRP ETF decision is due.
Many in the crypto community believe this delay is a strategic move. It suggests the SEC may be waiting to see how the Ripple appeal unfolds before taking a stance on the ETF.
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Community Suspects Strategic Timing Behind SEC’s XRP ETF Delay
The Ripple lawsuit has continued to cast a shadow over XRP’s growth potential. Market watchers believe the appeal outcome could shape how the SEC views XRP from a regulatory perspective. If the case ends in Ripple’s favor, it could increase the chances of the ETF getting approved.
Under the leadership of SEC Chair Paul Atkins who shows supportive views towards crypto the agency maintains an active stance of caution. The Securities and Exchange Commission continues its policy of delay because they want to avoid uncertainty from potential legal ramifications in the Ripple conflict.
The announcement by Ripple CEO Brad Garlinghouse about case progression caused XRP to reach a brief peak of $2.59 during March. However, the token is now trading at $2.19 after a 3.56 percent drop in the last 24 hours. Trading volume has slightly increased by 2.10 percent to $3.04 billion.
Market participants are closely watching June developments, as the Ripple status report and ETF ruling could set the tone for XRP’s next major move in the crypto and investment markets.
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