SEC Delays Ripple ETF Decision—Coincidence? Or Drama Worthy of Prime Time?

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Bill Morgan—yes, that Bill Morgan, the dashing legal heartthrob of crypto Twitter (if such a thing exists)—has once again whipped out his legal magnifying glass to inspect the ever-puzzling proceedings of the U.S. Securities and Exchange Commission (SEC). Brace yourself because the SEC just pushed its decision on the much-gossiped-about Franklin Templeton-linked spot XRP ETF all the way to June 17, 2025. (You’d almost think they’re planning a surprise party. Spoiler: probably not.)

SEC Timing: Coincidence or Strategic Soap Opera? 🎭

Morgan, while sipping what we can only imagine is a large mug of absolute disbelief, posted on X (not to be confused with his ex… or maybe—who knows, really?) that this deliciously suspenseful new date falls like a cherry right on top of the Ripple lawsuit sundae: just after the 60-day court-ordered deadline for a status report in the SEC v. Ripple appeal.

Judge Jose Cabranes, clearly a man who enjoys a good calendar-based plot twist, declared back on April 16 that the SEC must file its homework—that is, a Ripple appeal status report—within 60 days. Sixty days later? Around June 15. And what do you know? SEC’s ETF decision: June 17. Are we sensing a pattern? Or are government officials just really, really into suspense?

Oddly, the delay of the ETF approval to 17 June 2025 is to a date that falls just after the expiry of the 60 day period by which a status report must be filed by the SEC in the SEC v Ripple appeal pursuant to the court order dated 16 April 2025.

— bill morgan (@Belisarius2020) April 30, 2025

Morgan seems to think the SEC’s approach is less like regulatory due diligence and more like someone trying to peek at your exam answers before filling in their own. In other words: all eyes glued to the Ripple appeal verdict before pulling the ETF decision trigger.

And yes, there’s a new crypto-friendly SEC chair, Paul Atkins—the closest this drama gets to a plot twist, unless you count the elusive appearance of legal clarity. XRP holders are understandably glued to their screens (and possibly tearing their hair out), waiting to see if Ripple actually manages to slay this never-ending lawsuit dragon.

Ripple Appeal: How Much More Can XRP Fans Take? 🥴

Crypto fans, especially those with portfolios heavy on shiny XRP tokens, are praying for a fairytale ending. After all, this lawsuit seems to be the ball and chain around XRP’s price potential. Fantasy time: ETF gets approved, adoption skyrockets, and the price does a happy dance.

To sprinkle some hope (or add insult to injury), when Ripple CEO Brad Garlinghouse dropped hints that the SEC was ready to walk away in March, XRP’s price did its own high jump: up 14%, touching $2.59 as investors sprinted in.

Where is XRP now, you ask? Picture a small rollercoaster: as of now, it’s exchanging hands at $2.19, which is down 3.56% in the last 24 hours. Not all doom and gloom—the trading volume had a micro-glow-up, rising to $3.04 billion (a 2.10% bump). Basically, everyone’s waiting for the next episode—preferably with less legalese and more party hats.

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2025-04-30 18:13