SEC Races Against Deadlines in Crypto Lawsuits While XRP ETF Filings Gain Traction

• The SEC prioritizes crypto lawsuits like Ripple, Coinbase, and Kraken, with key deadlines in March and April shaping legal outcomes.
• XRP ETF filings gain momentum as the SEC reviews proposals, reflecting growing institutional interest in crypto investment products.
• A Trump-led SEC may adopt pro-crypto policies, influencing ETF approvals and reshaping the regulatory landscape for digital assets

Eleanor Terrett of Fox Business reports that the SEC is giving ongoing cryptocurrency lawsuits with impending deadlines top priority. This affects important cases like Coinbase, Kraken, Ripple, and Binance

Legal sources suggest that while some cases face pauses, Ripple’s next deadline is set for April 16, and Kraken’s falls on March 31. Meanwhile, Binance’s legal proceedings are on hold until April 14, with Lejilex and Coinbase also experiencing extensions.

Besides, speculation is rising that SEC leadership changes could influence these cases . Notably, Trump’s expected nominee for SEC chair, Paul Atkins, may shape future regulatory approaches. In the interim, Congress and the Presidential Working Group on Digital Assets are addressing gaps that led to these lawsuits.

XRP ETF Filings Gain Momentum

Moreover, the SEC has acknowledged a spot XRP ETF application from Cboe BZX Exchange, filed by Canary Capital. The increasing number of XRP ETF proposals signals heightened interest from financial institutions. The SEC enables public feedback for 21 days after publication in the Federal Register before deciding on approval or further review.

Spot Bitcoin and Ethereum ETFs, which were approved last year, set the precedent for this. Institutional demand has also been strengthened by the submission of XRP ETF files by CoinShares, Bitwise, Grayscale, and 21Shares. An additional indication of the expanding market interest in cryptocurrency investment vehicles is Canary Capital’s SEC approval of a Litecoin ETF.

Regulatory Shifts Under the Trump Administration

Furthermore, It is anticipated that the new Trump government will adopt a more pro-crypto posture. In anticipation of regulatory changes, issuers are actively submitting numerous crypto ETF applications. The future of the business will be impacted by the asset classification criteria being developed by a crypto task force headed by Republican SEC Commissioner Hester Peirce.

The future of cryptocurrency in the US depends on the SEC’s reaction to these developments. Furthermore, deliberate legislative adjustments might promote the wider use of digital assets. The sector is now awaiting additional SEC actions, especially in relation to the approval of XRP ETFs and the results of ongoing litigation.