The U.S. Securities and Exchange Commission (SEC) has postponed decisions on several spot altcoin exchange-traded funds (ETF) applications, including one for XRP. According to reports, the agency is awaiting the confirmation of Paul Atkins as SEC Chair before moving forward with these approvals.
A recent post by SMQKE (@SMQKEDQG), a notable crypto researcher on X, highlighted this development. The delay aligns with the stance of the previous administration, which refrained from approving crypto ETFs in its final days.
Based on a trending calendar, Atkins may not be confirmed until 2026, giving the XRP community reason to be wary.
The SEC is awaiting the confirmation of Paul Atkins before approving the XRP ETFs.⏰ pic.twitter.com/2lOlLt5P91
— SMQKE (@SMQKEDQG) March 14, 2025
Paul Atkins’ Confirmation and Its Implications
Paul Atkins, a former SEC Commissioner, has been nominated to lead the agency under the Trump administration. His confirmation process has not yet been completed, as the White House has not yet provided the documentation for review.
The SEC’s stance on crypto-related ETFs has been a critical issue for the industry. Experts suggest the agency will approve XRP ETF’s pending applications once Atkins is confirmed. This anticipation has fueled discussions among investors, with many expecting a more favorable regulatory environment under Atkins’ leadership.
Meanwhile, the regulator recently acknowledged many ETF applications for XRP and other cryptocurrencies. While none of these have received approval, the acknowledgment signals a willingness to engage with the crypto market.
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Potential Resolution of the Ripple Lawsuit
Another significant outcome expected from Atkins’ confirmation is the resolution of the SEC’s lawsuit against Ripple. Reports indicate that the company is already engaged in settlement negotiations , which could lead to the case concluding even before Atkins formally assumes his role.
The lawsuit, which has been ongoing for several years, has been a focal point for the cryptocurrency industry. Its outcome could set a precedent for how digital assets are classified and regulated in the U.S.
If a settlement is reached soon, it could further accelerate the approval of XRP ETFs and contribute significantly to its price growth.
Institutional Interest in XRP
Despite regulatory delays, institutional interest in crypto ETFs continues to grow. Global investment firm Franklin Templeton recently filed for an XRP ETF , and SMQKE attached a document revealing that 60 ETF proposals are awaiting decisions from the SEC.
SMQKE also highlighted comments from Bloomberg ETF analyst Eric Balchunas. The analyst advised market participants to remain patient. He noted that Bitcoin and Ethereum ETFs were delayed multiple times, and while investors may have to wait, excitement is high for XRP’s future.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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