Why are Ripple ETFs confronted with constant delays? XRP -Leger weighs inside

Why are Ripple ETFs confronted with constant delays? XRP -Leger weighs inside

The US Securities and Exchange Commission continues to make a decision about countless place Crypto ETFs, including more than a dozen who want to follow the performance of Ripple’s native token.

This delay comes even after the leadership changes at the office after the presidential victory of Trump and the departure of Gary Gensler. So why is this? A popular member of the XRP army outlined his opinion about the case.

Why the delays, sec?

Bear in mind that the American securities watchdog in mid-August on a delay in the deadlines for numerous spot XRP ETF applications until October to October, which encouraged the issues to expand various changes in their applications. This was just the beginning, because the SEC also delayed Franklin’s application earlier this week, whose deadline has now been set for November instead of September 17.

John Squire, a popular and vocal member of the XRP army, decided to dig a little deeper into this delay, especially the Franklin ETF. He noted that the desk ‘almost always’ slows down the first round ETF inventions, as it has done several times for the applications for Bitcoin and Ethereum before it ultimately approves. This helps to buy some time for public comments and more in -depth internal assessment, he added.

Squire, who has more than 500,000 followers on X, believes that there is political pressure, because as soon as the SEC approves the XRP ETFs, this would be equal to the institutional demand for the active.

“The sec drags his feet to prevent them from moving too quickly in a hot political year.”

He added that the agency “wants clarity about custody, settlement and surveillance sharing agreements”, because it aims to check each course before approval.

Delays are not rejections

Squire emphasized that, although the Commission has delayed countless ETF applications, it did not reject it, which should be considered a positive sign. Both Bitcoin and Ethereum have undergone similar procedures before the inevitable green lights in 2024.

The popular X user indicated that Wall Street wants exposure to XRP and concluded that Ripple ETF’s are ‘inevitable’.

ETF experts and polymarket opportunities usually agree with his daring explanation. Nate Geraci from the ETF Institute recently said that the actual opportunities for XRP ETFs to reach the American markets this year are closer to 100%, while the gambling platform is currently not far from that number.

Ripple ETF approval Opportunities on Polymarket
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