Hassan Maishera
TL;DR
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The U.S. SEC has delayed decisions on XRP and Dogecoin spot ETF applications.
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The regulator has asked for public input before making its decisions on the proposal.
SEC Delays Dogecoin and XRP ETF Decisions
The United States Securities and Exchange Commission has delayed decisions on a few proposals for Dogecoin and XRP exchange-traded funds. The ETFs seek to track the performance of spot Dogecoin (DOGE) and XRP cryptocurrencies.
The filings on Tuesday showed that the regulator has also asked for public comments for the 21Shares Core XRP Trust, the Grayscale XRP Trust, and the Grayscale Dogecoin Trust.
In one of the filings, the SEC stated that,
"Institution of proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change."
The regulator also delayed its decision on whether to approve or reject a proposal to allow Bitwise's Ethereum ETF to permit staking.
This latest development comes as the SEC has delayed and asked for comments for several crypto ETF proposals in recent months, as it considers dozens of proposals.
The regulator is viewed as crypto-friendly since President Donald Trump took office in January. The SEC has dropped several lawsuits against crypto firms and has held public crypto roundtables to discuss how to regulate the industry.
