SEC postpones decision on approval of XRP/Zico ETF after public comment period

The U.S. Securities and Exchange Commission (SEC) has postponed its decision to approve an exchange-traded fund (ETF) following Ripple (XRP) and Dogecoin, and is seeking public comment from investors.
According to The Block, in a filing published on the 20th (local time), the SEC said it would investigate 21Shares Core XRP Trust, Grayscale
XRP Trust and Grayscale Dogecoin Trust seek comment on proposed changes to ETF listing rules.
"This topic is a matter of review given the legal and policy issues raised by the proposed rule changes," the SEC said in a statement.
"This does not mean that the committee has reached any conclusions. Rather, it encourages public comment on the proposed rule changes."
The SEC also said it had postponed a decision on a proposal by Bitwise to allow staking of Ethereum in an Ethereum ETF.
In recent months, the SEC has postponed decisions on a number of cryptocurrency ETF-related proposals and is accepting public comments.
The Biden administration has approved the listing of an Ethereum spot ETF, following a major court ruling, following the Bitcoin spot ETF.
Since President Donald Trump took office in January, the SEC has dropped lawsuits against some crypto companies and has also held public roundtables on regulating the crypto industry.
Bloomberg Intelligence ETF analyst James Seifert
Seyffart said on social media X that the SEC's delay in approving cryptocurrency spot ETFs was fully expected.
"If the SEC were to make an early decision on this matter, it could happen as early as late June or early July. But in practice, it's more likely to be delayed until the beginning of the fourth quarter."