Public Input Requested Amid Regulatory Caution
The U.S. Securities and Exchange Commission (SEC) has officially delayed its decisions on proposed exchange-traded funds (ETFs) tied to XRP and Dogecoin (DOGE), citing the need for further public input and market analysis.
This marks another cautious step by the SEC as it navigates growing interest in crypto-based financial products.
The delay impacts ETF applications submitted by multiple asset management firms hoping to list crypto ETFs that track the performance of XRP and DOGE, two of the most popular altcoins in the market.
Why the Delay?
According to the SEC filings, the regulator is seeking “additional time to evaluate the potential impact” of these ETF products on the broader market.
Specifically, the SEC is requesting:
- Public comments on the legality and risks associated with XRP and DOGE ETFs
- Feedback on potential market manipulation vulnerabilities
- Input on investor protection measures and custodial solutions
“The Commission finds it appropriate to designate a longer period to consider the proposed rule change,” the SEC stated in its notice.
Background: XRP and DOGE in the Spotlight
XRP and Dogecoin have been central to the crypto market narrative for years.
- XRP, created by Ripple Labs, recently won a partial legal victory over the SEC in a long-standing lawsuit regarding its classification as a security.
- Dogecoin, a meme-inspired token, has seen widespread adoption and social media-driven price action—often influenced by figures like Elon Musk.
Both assets are high-profile, volatile, and closely watched by regulators and investors alike.
Industry Reactions and Market Implications
The crypto community has responded to the SEC’s delay with mixed reactions.
Some interpret the move as a signal of regulatory prudence, while others see it as continued resistance toward altcoin-backed financial products.
“The delay is frustrating, but not surprising,” said a senior analyst at a leading crypto fund.
“The SEC wants to avoid another approval rush without addressing systemic risks.”
Meanwhile, the broader market showed mild fluctuations following the announcement, with XRP and DOGE prices seeing slight dips but recovering quickly.
Conclusion
The SEC’s decision to delay the XRP and Dogecoin ETF proposals underscores its cautious stance toward alternative crypto-based ETFs.
While approval isn’t off the table, the agency is clearly prioritizing public feedback and comprehensive risk assessments.
As regulatory frameworks continue to evolve, investors and institutions must remain patient and proactive in understanding the shifting dynamics of crypto-backed ETFs.