The U.S. Securities and Exchange Commission (SEC) has delayed making a decision of the spot XRP filing proposed by $1.4 trillion giant Franklin Templeton.
The SEC was initially expected to announce its decision on May 3, but the deadline was then formally extended to June 17.
The holders of the fourth-largest cryptocurrency by market cap should not read too much into the most precedent postponement since it is a rather mundane procedural step.
Such extensions are considered to be part of due diligence, meaning that they are not necessarily a sign of disapproval.
Franklin Templeton is the largest player to file for a spot XRP ETF to date. It originally submitted its S-1 form in early March.
Earlier today, the SEC also delayed the firm’s Solana ETF filing.
