XRP ETF Decision Delayed as SEC Monitors Ripple Appeal
The U.S. SEC has pushed back its decision on a proposed XRP spot ETF from Franklin Templeton to mid-June, aligning the new deadline—June 17—with a critical moment in the ongoing Ripple lawsuit.
According to legal analyst Bill Morgan, the timing is too close to be a coincidence.
A federal judge has required the SEC to update the court on the status of its appeal against Ripple by June 15. Morgan speculates that the ETF delay may be a deliberate move, allowing the agency to assess legal momentum before taking a stance on the XRP fund.
With regulatory tone shifting under the SEC’s new crypto-friendly leadership, this could be a pivotal moment for XRP’s future.
Investors are watching closely, hoping for clarity. If the Ripple appeal wraps in favor of the company, it could pave the way for broader institutional adoption of XRP—including ETF approval. Some in the community see the unresolved lawsuit as a barrier holding XRP back from catching up with peers like Bitcoin and Ethereum.
When Ripple’s CEO previously hinted at a potential SEC withdrawal earlier this year, the market responded with a brief price surge. Since then, XRP has slipped to around $2.19, despite a modest rise in trading activity. Market sentiment suggests a rally could follow any positive resolution—legal or regulatory.
The next few weeks may determine whether XRP becomes a regular feature in ETF markets or continues to linger under legal uncertainty.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
