SEC’s Mysterious Delay: Coincidence or Strategic Move to Wait for Ripple’s Fate?

by

The SEC has done it again – delay, delay, delay. Recently, they pushed back the decision on Franklin Templeton’s proposed XRP Spot ETF until June 17, 2025. And you thought government efficiency was a thing. Funny how it always seems to take forever when it’s something big. Hmmm…

It’s not exactly a surprise, though. The SEC has a habit of waiting for futures trading to kick off before they approve spot ETFs. It’s a routine they followed with Bitcoin and Ethereum. And don’t get too comfortable, because other Ethereum and Dogecoin ETFs are also getting the “not yet” treatment, with even more delays expected next week. What a shocker. 💤

Bill Morgan Spills the Beans (or Maybe Just a Teaspoon of Them)

Enter Bill Morgan, attorney extraordinaire. He’s noticed something that screams “strategic delay.” He pointed out that the SEC’s decision to hold off on the XRP ETF until June 17, 2025, coincides perfectly with the SEC’s deadline to file a status update on their appeal against Ripple. Yes, that’s right, the Ripple case – remember that? It’s only the case that’s been dragging on for years, with no clear winner in sight.

Now, mark your calendars, folks: The SEC must file that update by June 15, 2025, which is a mere two days before they decide on the XRP ETF. The timing couldn’t be more… convenient. It’s like waiting for a train and then noticing it’s running late, but hey, you don’t mind because it just so happens to be heading to the same destination as you. ⏳

Oddly, the delay of the ETF approval to 17 June 2025 is to a date that falls just after the expiry of the 60 day period by which a status report must be filed by the SEC in the SEC v Ripple appeal pursuant to the court order dated 16 April 2025.

— bill morgan (@Belisarius2020) April 30, 2025

Now, let’s get into the juicy part – why this delay feels so suspicious. The judge, Jose Cabranes, made it crystal clear: the SEC has until June 15, 2025, to file an update on the Ripple case. So, just two days after that, the SEC will have to decide whether XRP’s future is as bright as they want us to believe. Coincidence? Maybe. But maybe not. 🤔

Strategic Delay or Just Another Fumble?

Some skeptics (and by “some,” we mean just about everyone) are wondering if the SEC is deliberately dragging its feet on the XRP ETF approval. Could it be a waiting game to see how the Ripple case shakes out? The timing certainly raises eyebrows. Investors are biting their nails, hoping the SEC isn’t just waiting for Ripple’s appeal to collapse before making a final call.

The entire crypto world is on edge, especially with the Ripple lawsuit still up in the air. If Ripple wins, an XRP ETF could get the green light, and guess what? XRP’s price could shoot up faster than a rocket on launch day. 🚀 The SEC is expected to make final decisions on several crypto ETFs in Q4 this year. And just around mid-October, expect either a yes or a no on that XRP ETF. Place your bets, folks!

Read More

2025-05-01 19:37