XRP ETF Still in Play- SEC Commissioner Debunks Rejection Speculations

SEC Commissioner Hester Peirce has eased worries that spot ETFs, including the XRP ETF, may face rejection. Her remarks come as speculation rises after the SEC delayed several ETF listings, leading to concerns about possible denials.

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XRP ETF Not Ruled Out Despite Delays

In an interview on The David Lin Report, Commissioner Hester Peirce acknowledged investor frustration surrounding repeated postponements, including those related to the XRP ETF and Litecoin ETF, among others.

Peirce candidly admitted the SEC’s bureaucratic structure slows things down, describing it as a “process that frustrates people.” Yet, she emphasized that the delays should not be mistaken for outright denials.

“We’re a bureaucracy,” Peirce explained. “There are a lot of rules that have to be adhered to, and so we’re working through them, we’ve gotten a lot of applications on the ETF side… but we have to do that in a way that will frustrate people”

Pressed further in the interview, Peirce confirmed that the SEC is not closing the door on new listings. She clarified that delays shouldn’t be interpreted as a sign of rejection. Rather, she stressed that before any approval is given, careful consideration and adherence to the correct procedures are necessary.

Peirce pointed to the SEC’s decade-long review of Bitcoin ETfs as an example of past inefficiencies and shifting requirements that fueled market frustration. She expressed a desire to create clearer, more predictable standards. Hence, applicants know what data to provide, hoping to avoid another drawn-out saga like the Bitcoin ETF approval process. This ultimately required a court order to move forward.

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XRP ETF Approval May Be Imminent Despite Delays

Clarifications from the SEC Commissioner suggest that approval for the proposed XRP ETFs could be close. Citing a need for additional market research and compliance checks, the SEC extended its review of Franklin Templeton’s proposed spot XRP ETFs into September 2025, as reported by CoinGape.

Grayscale Investments’ and 21Shares’ applications for approval of Dogecoin and XRP ETFs have also been affected by similar delays. As an indication of further investigation rather than a complete rejection, the Commission has also initiated proceedings for spot Solana ETFs from 21Shares and Bitwise.

These delays, although frustrating, align with the agency’s stated commitment to a cautious and thorough review. Peirce’s remarks suggest that the goal behind the sluggish pace is to establish a more transparent framework for evaluating products that are connected to cryptocurrency.

Currently, the XRP ETF is in a state of uncertainty with regulators, but it is still a possibility. Peirce pointed out that delays should not be viewed as outright rejections. Instead, they highlight the challenge of balancing new ideas with protecting investors in U.S. markets.

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 Michael Adeleke

Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.

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