SEC Delays Decision on XRP, Dogecoin ETF to October

On April 29, 2025, the Securities and Exchange Commission extended its decision on the XRP and Dogecoin ETFs, with a final ruling expected in October. The SEC's delay in making a decision on the XRP and Dogecoin ETF reflects the agency's cautious stance towards cryptocurrency investments, with little immediate impact on the market. The Securities and Exchange Commission of the United States, under the leadership of Paul Atkins, has decided to postpone the decision on the XRP and Dogecoin ETFs. The decisions, initially scheduled for April 2025, are now expected in October. Franklin Templeton and Bitwise, the major players in the market, have postponed their ETF applications. Meanwhile, the market remains stable, indicating a reasonable price for the potential delay. ProShares has also changed the launch date for its XRP ETF based on futures contracts. The Commission finds it necessary to establish a longer timeframe to act on the proposed rule changes to ensure there is sufficient time to evaluate the proposal and the concerns raised. — Paul Atkins, Chairman of the Securities and Exchange Commission ( Source ) The SEC's postponement decision has minimal immediate impact on the cryptocurrency market. The prices of XRP and Dogecoin remain stable, reflecting market participants' expectations of the delay and aligning with similar patterns observed in the past. The cryptocurrency industry in general is facing instability as this delay highlights ongoing regulatory challenges. Future decisions are expected to play a crucial role in shaping the market's maturity and investor confidence. As the SEC continues its evaluation, analysts expect that regulatory processes will affect the adoption of cryptocurrency investment products. Historical data indicates the potential for delays before approval, impacting the strategies of market participants. This aligns with the SEC's history of thorough review processes.