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SEC Postpones Franklin XRP ETF – Here’s When Experts Expect a Green Light
Just days after Paul Atkins took office as the SEC chair, the regulator has surprisingly postponed its decision on approving the Franklin Templeton XRP ETF. The U.S. Securities and Exchange Commission (SEC) has also extended its review period for Bitwise Asset Management’s proposed spot Dogecoin exchange-traded fund.
As previously reported by Crypto News Flash, Franklin Templeton, a renowned investment management firm overseeing over $1.5 trillion in assets, filed an S-1 registration with the SEC to launch a spot XRP exchange-traded fund (ETF) in the United States on March 11. However, it appears that the regulatory body has decided to delay its decision on this matter.
Industry experts are now speculating about the potential timeline for when we can expect a green light from the SEC. According to sources close to the matter, they anticipate the regulator will make an announcement within the next quarter.
This unexpected postponement has sparked widespread speculation about the motivations behind the move. Some analysts believe that the SEC is taking additional time to thoroughly review the submission and assess any potential risks associated with the proposed ETF. Others have suggested that the commission may be waiting for further clarity on regulatory frameworks or market trends before making a decision.
The news comes as a significant blow to XRP investors, who had been eagerly awaiting an update from the SEC. Despite this setback, many believe that institutional adoption and the introduction of new financial products will continue to drive the cryptocurrency’s growth in the long term.
For now, it appears that the SEC is taking its time to deliberate on the matter. While this delay may be frustrating for some, others see it as an opportunity for the regulatory body to provide greater clarity on its stance towards XRP and other digital assets.
As we continue to monitor this situation closely, one thing remains clear: the fate of this ETF proposal will have far-reaching implications for the broader cryptocurrency market.
Source: https://www.crypto-news-flash.com/sec-postpones-franklin-xrp-etf-heres-when-experts-expect-a-green-light/?utm_source=rss&utm_medium=rss&utm_campaign=sec-postpones-franklin-xrp-etf-heres-when-experts-expect-a-green-light
