SEC Stalls XRP ETF – Is a Crypto Breakout Brewing?
The post SEC Stalls XRP ETF – Is a Crypto Breakout Brewing? appeared on BitcoinEthereumNews.com. SEC may take up to 240 days to reach a final decision on the ETF. Spot XRP ETF could boost institutional investment in XRP. Templeton’s XRP ETF remains in limbo, idling in the SEC’s queue without a verdict on the horizon. An official file necessitated a judgment by June 17, 2025, as of April 29, 2025. On March 13, 2025, major asset management firm Franklin Templeton submitted the concept to the Cboe BZX Exchange. Benjamin Franklin Templeton conceived the concept. The exchange actions follow the requirements outlined by BZX. A public notice about the proposal became accessible to the general public through the Federal Register on March 19, 2025. The law demands, under Section 19(b)(2) of the Securities Exchange Act of 1934, that the SEC must decide these proposals within either 45 days from the publishing date or up to 90 days when necessary. Implementation of the review period ending on May 3, 2025, marked the beginning of its 45-day interval. According to the SEC, the time limit for this review period must be extended. More time is required by the Commission for complete assessment of the proposed rule change while also handling potential problems during the review period. The extended period will give a more thorough evaluation, according to the SEC. By the new deadline of June 17, 2025, the new agency must approve, disapprove, or initiate further proceedings to decide the fate of the proposed rule change. Potential Timeline for Final Decision The official deadline is now June 17, 2025, but the SEC can take longer under its regulatory framework. The longest period for review is 240 days, which could mean that the last decision would be in mid-October 2025, on the 18th of October. The SEC filing notes that the proposal has yet to spark any public…
The post SEC Stalls XRP ETF – Is a Crypto Breakout Brewing? appeared on BitcoinEthereumNews.com.
SEC may take up to 240 days to reach a final decision on the ETF. Spot XRP ETF could boost institutional investment in XRP. Templeton’s XRP ETF remains in limbo, idling in the SEC’s queue without a verdict on the horizon. An official file necessitated a judgment by June 17, 2025, as of April 29, 2025. On March 13, 2025, major asset management firm Franklin Templeton submitted the concept to the Cboe BZX Exchange. Benjamin Franklin Templeton conceived the concept. The exchange actions follow the requirements outlined by BZX. A public notice about the proposal became accessible to the general public through the Federal Register on March 19, 2025. The law demands, under Section 19(b)(2) of the Securities Exchange Act of 1934, that the SEC must decide these proposals within either 45 days from the publishing date or up to 90 days when necessary. Implementation of the review period ending on May 3, 2025, marked the beginning of its 45-day interval. According to the SEC, the time limit for this review period must be extended. More time is required by the Commission for complete assessment of the proposed rule change while also handling potential problems during the review period. The extended period will give a more thorough evaluation, according to the SEC. By the new deadline of June 17, 2025, the new agency must approve, disapprove, or initiate further proceedings to decide the fate of the proposed rule change. Potential Timeline for Final Decision The official deadline is now June 17, 2025, but the SEC can take longer under its regulatory framework. The longest period for review is 240 days, which could mean that the last decision would be in mid-October 2025, on the 18th of October. The SEC filing notes that the proposal has yet to spark any public…
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