SEC delays decisions on XRP and Dogecoin ETFs

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TL;DR

  • The U.S. SEC has delayed decisions on spot XRP and DOGE ETFs.
  • The regulator has set new deadlines for June 15 and June 17, respectively.

SEC Delays Dogecoin and XRP Spot ETF Decisions

The United States Securities and Exchange Commission (SEC) has delayed decisions on spot XRP and Dogecoin exchange-traded funds (ETFs). This decision aligns with analyst expectations

According to the SEC filings, the regulator has set new deadlines of June 15 for the next steps for the Bitwise DOGE ETF and June 17 for the Franklin XRP Fund

The SEC has 45 days from the announcement of a proposed rule change to approve it, reject it, or initiate a process to determine whether it should be rejected. The Commission can extend the 45 days to 90 days if it requires additional time

The filings added that,

"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein."

While commenting on this latest development, Bloomberg Intelligence analyst James Seyffart pointed out that the delays are expected as final deadlines for most filings are in October or later.

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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