Catenaa, Sunday, May 25, 2025-The US Securities and Exchange Commission (SEC) has postponed its decision on proposed exchange-traded funds tied to XRP and Dogecoin, requesting public comments on the applications, according to filings released Tuesday.
The proposals under review include the 21Shares Core XRP Trust, the Grayscale XRP Trust and the Grayscale Dogecoin Trust. The agency also delayed a decision on a proposal that would allow Bitwise’s Ethereum ETF to incorporate staking features.
In its filings, the SEC said the institution of proceedings was warranted due to the legal and policy complexities surrounding the proposed rule changes. The agency emphasized that the move does not signal any preliminary judgment and invited public input on the applications.
The delay comes amid a shifting regulatory environment under the Trump administration. Since President Donald Trump returned to office in January, the SEC has dismissed several lawsuits against crypto firms and has hosted public roundtables to evaluate industry oversight.
These moves contrast with a more aggressive stance under the previous administration, which only began approving spot crypto ETFs following a key court ruling.
ETF analyst James Seyffart of Bloomberg Intelligence noted that delays are routine and should be expected. He predicted that early decisions on these filings are unlikely before late June or early July, with final deadlines mostly set for October.
Despite the administration’s more crypto-friendly posture, the SEC is expected to use the full timeline to assess the filings.
