XRP ETF postponed, why do lawyers still watch the storm with a smile?

The approval of the Ripple spot ETF has encountered another setback, as the U.S. Securities and Exchange Commission (SEC) has postponed the decision on the Franklin Templeton XRP ETF to June 17, 2025. Nevertheless, XRP lawyers and analysts remain confident, believing that this is just a routine process and not a significant setback.
The truth about the delay: a process rather than a defeat.
XRP lawyer Bill Morgan stated that the delay in the ETF approval is related to the ongoing appeal of the Ripple lawsuit, as the SEC has not yet completed its vote on the appeal and has not updated the final court order. He calmly responded, "What's the rush? The SEC hasn't made a decision yet!" Another expert, James Farrell, pointed out that the SEC only confirmed a "principle agreement" with Ripple, but not the final version, and such delays are common in regulation.
A broader regulatory landscape
The SEC not only postponed the XRP ETF but also shelved the applications for crypto ETFs such as Solana and HBAR. Bloomberg analyst James Seyffart stated that this is standard procedure, and ETF Store President Nate Geraci predicts that the SEC will make a final decision by October 2025. The delay reflects a comprehensive assessment rather than being targeted at XRP.
The subtle connection between litigation and ETFs?
Some investors speculate that the SEC's delay in approving the ETF may be related to a settlement in the Ripple lawsuit involving the payment of fines in XRP. If the ETF is approved ahead of schedule, the potential increase in XRP prices could reduce the amount of fines required. Although this theory has not been confirmed, it has sparked heated discussions, especially since Ripple has publicly announced the settlement, while the SEC has only given principal acknowledgment.
Outlook
Despite the delay in approval, lawyers are confident about the bright prospects of the XRP ETF. The progress of the lawsuit settlement and regulatory approval will determine whether XRP can achieve a breakthrough in 2025. Investors need to be patient and pay attention to the SEC's final decision!