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Ripple News Today: Ripple vs. SEC Continues as Franklin Templeton’s XRP ETF Enters Waiting Game
The tumultuous relationship between Ripple and the U.S. Securities and Exchange Commission (SEC) has reached a new milestone, as the regulator delays its decision on Franklin Templeton’s proposed spot XRP ETF filing.
For those unaware, Franklin Templeton initially filed for the ETF in early March 2025, with expectations of a May 3rd deadline. The agency then extended the timeline to June 17th and has now decided to open public comments before making a final determination by late July. This prolonged wait-and-see approach is nothing short of extraordinary, considering Ripple’s XRP token being listed on major exchanges like Coinbase.
The SEC’s delay could not come at a more inopportune time for Ripple enthusiasts, as the company has been working tirelessly to solidify its position within the mainstream financial sphere. Despite the legal battle with the SEC, Ripple CEO Brad Garlinghouse has consistently spoken out against the agency’s stance, arguing it stifles innovation and puts America behind the curve of other jurisdictions like Canada and the UK.
In contrast, Canada is rapidly moving forward with the first-ever spot XRP ETF listing on the Toronto Stock Exchange, scheduled for this week. This new development highlights the stark divide between regulatory approaches worldwide, making it increasingly difficult for Ripple to navigate its current legal woes.
As investors await clarity from the SEC, one can’t help but wonder if these developments will have an immediate impact on XRP’s price performance. Although the cryptocurrency has remained resilient amid uncertainty, some market observers believe that a favorable court ruling in the ongoing lawsuit could clear up regulatory ambiguity and unlock fresh interest from institutional players.
With Ripple’s reputation as a game-changer for borderless transactions remaining unscathed by these legal proceedings, this battle may prove to be a critical turning point for XRP’s trajectory.
Source: bravenewcoin.com
