Speculation is rising about the potential approval of spot XRP ETF applications as positive shifts in cryptocurrency regulation unfold under President Donald Trump’s second administration.
Speculation is fueled by significant changes at the US Securities and Exchange Commission (SEC), including the appointment of Paul Atkins as the new chair, known for his pro-crypto stance.
A potential meeting between Ripple Labs’ Chris Larsen and SEC Chair Paul Atkins on May 2 could pave the way for expedited decisions on XRP ETF applications, with a June deadline set by the SEC for one application.
Renewed optimism for XRP ETF approval follows a more favorable environment for Ripple Labs and the cryptocurrency sector, with expectations also rising for approvals of other crypto ETFs like Litecoin, Solana, Dogecoin, and Cardano later this year.