SEC Delays Franklin Templeton's Ripple ($XRP) Spot ETF Decision Again… Collecting Opinions Until July

The U.S. Securities and Exchange Commission (SEC) has again *postponed* the decision on Franklin Templeton's XRP spot ETF listing proposal. This delay came after formally proposing the product listing to the Chicago Options Exchange (CBOE), with the commission initiating a public comment collection procedure. The SEC announced that it has extended the deadline originally set for June 17th and is currently seeking public opinion through media channels. The deadline for submitting public comments and objections has been set for the end of July, and the specific timeline for approval or rejection remains unclear. Franklin Templeton, which applied for the XRP spot ETF, is considered the largest investment firm attempting to issue such a product. If the ETF listing is confirmed, it could be a *significant turning point* for XRP's entry into the institutional market. However, the SEC's delay is predominantly viewed as a legitimate schedule adjustment within its legal authority, rather than an immediate rejection. So far, the SEC has maintained a conservative stance on cryptocurrency-related ETFs, and public comment collection is a frequently used procedure in their listing review process. Experts analyze that the SEC intends to use this strategy to assess reactions from various sectors and calibrate future regulatory directions. Franklin Templeton's XRP ETF proposal and the SEC's position are drawing particular attention amid the approaching U.S. presidential election in November, highlighting the differences in cryptocurrency policy between *President Trump* and the Biden administration. While Trump has recently garnered market enthusiasm with his major Non-Fungible Token holdings and positive digital asset statements, the SEC consistently emphasizes maintaining the existing financial order. Currently, the cryptocurrency market is *sensitively* responding to the potential approval of ETFs for major assets like Bitcoin (BTC), Ethereum (ETH), and XRP, with growing expectations that Franklin Templeton's product, if officially approved, could be a catalyst for institutional investment fund inflows.