SEC Extends Decision Deadlines for Dogecoin and XRP ETFs
The U.S. Securities and Exchange Commission (SEC) has delayed decisions on the approval of spot ETFs for XRP and DOGE. Key points include:
- Next steps for the Bitwise DOGE ETF will be announced by June 15.
- The Franklin XRP Fund decision is expected by June 17.
- The SEC has a legal timeframe of 45 days to approve, reject, or extend the review period to 90 days if necessary.
- The agency stated it requires more time to consider the proposed rule changes.
- Analyst James Seyffart indicated that these delays were anticipated, with final deadlines for most filings set for October or later.
- Both XRP and DOGE prices remain stable over the last 24 hours, similar to Bitcoin's price action.