The postpones verdict for the ETF XRP and Doge by Franklin Templeton and Bitwise

After the new delay, the products proposed by Franklin Templeton and Bitwise They must wait until mid -June official response from the Sec, whose decision would be making the new administration of the agency under the direction of Paul Atkins.

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• Bitwise and Franklin Templeton They must wait at least until mid -June to know the fate of their proposals.
• The Sec, Under a new pro-described direction, evaluates multiple proposals in a more favorable climate for the sector.
• The delay was expected, since it has addressed in the past other applications for this type of products.

The US stock and securities commission (sec) announced on Tuesday a new delay in verdicts for funds listed on the stock market (ETF) based on XRP and Dogecoin (Doge) in cash, presented by Franklin Templeton and Bitwise, respectively.

This was announced by the SEC in a couple of documents published on its official site, where it indicates that the deadlines for evaluation periods for both ETFs are extended Dogecoin presented by Bitwise and the ETF XRP requested by Franklin Templeton. This leaves the new limit dates for June 15 and 17.

The Sec justified the delay indicating that he needs “Enough time to consider the change of proposed norm and the issues it raises”, as he has done in other cases. However, on this occasion the expected verdicts will be broadcast by the new administration of the agency, now under the direction of Paul Atkins.

A more favorable environment for cryptoactive

From the beginning of the Donald Trump government in January, the position of the Sec Towards cryptocurrencies has shown signs of flexibility. The agency has abandoned several previous demands against crypto companies and organized public round tables to discuss regulations with actors in the sector.

The new president of the Sec, Atkins – recognized by his favorable position to cryptocurrencies – said in his first public appearance last week he anticipates “Huge benefits” of digital assets. In addition, he claimed to be working with legislators to establish a clear regulatory framework.

This new attitude has encouraged multiple companies to present proposals for ETF crypt in recent months, including funds that track Solana, XRP, Dogecoin and other digital assets.

More proposals and more delays

The delay in verdicts for these products is produced on the same day, the US stock market. Nasdaq, presented a proposal to list an ETF Dogecoin managed by 21Shares, which further extends the portfolio of funds waiting for approval.

In turn, the Sec also postponed his decision on whether he will allow ETF Ethereum of Franklin Templeton Include standing functions. The new date for this verdict will be on June 16.

The agency also postponed failures related to other funds such as Grayscale Hedera Trust and Franklin Crypto Index ETF, The latter also with staking functions in evaluation.

James Seyffart, ETF analyst at Bloomberg Intelligence, commented on the social network X that these delays were “Expected” And he anticipated that there will be more postponements in the remainder of the week.

“This was predictable in my opinion,” Seyffart wrote. “Most definitive limit dates for these funds are scheduled for October 2025 or even later.”

It should be remembered that during the government of Joe Biden, the Sec had approved the first ETF in cash of Bitcoin in January 2024, and later those of Ethereum In July of the same year, after a judicial ruling in favor of Grayscale. These approvals opened the door to a wave of new requests focused on other cryptoactives.

With the change of leadership and the current political context, the market expects the regulator to continue advancing towards greater integration of digital assets within the traditional financial system, although the rhythm remains marked by institutional caution.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, Created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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