SEC Extends Process for XRP and DOGE: Next Up are SOL and Other Altcoins! - Coin Bulletin

SEC extends the decision process for Ripple (XRP) and Dogecoin (DOGE), similar decisions may also come this week for Solana (SOL) and other altcoins.

The U.S. Securities and Exchange Commission (SEC) announced that it has extended the decision timeline regarding the exchange rule change applications for the Bitwise Dogecoin ETF and Franklin XRP Fund. According to the statement on the SEC's website, the new decision date for the Dogecoin ETF application is set for June 15, and for the XRP ETF application, it is set for June 17, 2025.

The SEC explained the reason for this postponement as needing more time to evaluate the "proposed rule changes and the issues that have been brought up." The agency has recently started to adopt a softer stance towards cryptocurrencies. Following Donald Trump's assumption of the presidency, the SEC withdrew some lawsuits and began holding public meetings with the crypto sector. The new SEC Chairman, Paul Atkins, stated that he expects significant benefits from digital assets, emphasizing that the regulatory framework will become clearer.

New delays are on the way

Bloomberg Intelligence ETF analyst James Seyffart stated in a post on the social media platform X that such delays were expected and that similar decisions could also arise this week for other altcoin ETF applications such as Solana (SOL) and Hedera (HBAR). Especially, there have been postponement announcements for products like Ethereum staking ETF and Grayscale Hedera Trust.

It may last until October 2025

Seyffart notes that most of the final decision dates have been pushed back to October 2025 and later for applications. The SEC's cautious approach may lead to shaping expectations in the market before the final decisions. In particular, the fate of new ETF applications continues to create a critical agenda for the crypto markets.