Market Expert Laughs Off SEC’s Delay on XRP ETFs – Approval Might Be Quick as Lightning!

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Ah, dear compatriots, gather ’round as we delve into the curious case of the XRP exchange-traded fund (ETF) in our wonderfully bureaucratic United States! The wait, much like that of a man waiting for the last leaf to fall from a tree in autumn, has stretched ever longer. Yet, behold, one gallant market sage-Nate Geraci, President of The ETF Store-remains undaunted by this torturous delay! 🚀

XRP ETFs Could Arrive Within 60 Days Amid SEC Delays

Once again, the SEC, in its grand decision-making wisdom, has chosen to postpone its ruling on the fabled 21Shares Core XRP Trust. They had promised the faithful an answer by August 20, only to then whisk it away like a thief in the night, extending the deadline to Halloween’s rear end, October 19. Such theatricality! It appears they require time to sift through the copious public comments and wrestle with the knotty regulatory intricacies laid down back in 1934! 🕵️‍♂️

This whimsical delay, alas, does not solely pertain to the poor 21Shares. Nay, my friends, an array of firms-Grayscale, Bitwise, WisdomTree, Canary Capital, CoinShares, and Franklin Templeton-wait in anxious anticipation, likely with their fingers crossed and eyes as wide as saucers. If all goes according to their mysterious schedule, we may see Grayscale receive an answer on October 18, only to be followed by 21Shares on the illustrious October 19, and Bitwise the day after! October surely promises to be a veritable circus of decisions, akin to a puppet show where everyone is pulling strings. 🎪

Even amidst this bureaucratic charade, Geraci maintains an air of confidence-not unlike that of a juggler at a country fair-he assures us that the “spot crypto ETF floodgates appear poised to swing open in the next two months.” It seems they are merely polishing off the fine print and readying the ink for a momentous signing! 🤞🖊️

Regulatory Shifts Signal Fast-Tracked Crypto Adoption

But wait, there’s more! Geraci, with the enthusiasm of a child at a candy store, relates that this delay is but a minor skirmish in the grand chess game of U.S. financial regulation. The atmosphere is electric, as if the nation itself is awakening from a slumber, ready to embrace the age of digital delights. With Ethereum staking approval approaching like the dawn of a bright sunny day and the Clarity Act mulling in the Senate, wild times are surely ahead! 🌈

Echoing Geraci’s musings is none other than Fed Governor Michelle Bowman, who beseeched our government banks and regulators to adopt a heartier approach towards technology. “Don’t cling, my dear banks,” she cautioned, “for fear of being left behind in the heady race of financial innovation.” A captivating drama unfolds, where regulation and innovation could be dance partners rather than bitter rivals! 💃🕺

The GENIUS Act has already emerged from the depths, setting rules for stablecoins. Industry aficionados are on the edge of their seats as they observe the Senate’s deliberations on the Digital Asset Market Clarity Act, which might decide whether the SEC and the CFTC will play a game of tug-of-war over oversight. The tension is enough to make even the most stoic spectator gasp! 😱

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2025-08-21 20:14