The SEC is reviewing Grayscale’s spot ETF filings for XRP and Dogecoin, a potential watershed moment.Legal battles surrounding XRP and Dogecoin’s meme status pose hurdles to approval.SEC's stance under new leadership may influence the outcome of ETF applications.SEC acknowledges Grayscale's filings for XRP and Dogecoin ETFs, signaling potential market shift.Acknowledgment bridges institutional and retail investor gap, but legal hurdles remain.SEC to scrutinize Grayscale's XRP and Dogecoin Trust filings thoroughly in a 240-day review process.XRP's legal battle with SEC could impact ETF approval, depending on lawsuit outcome.Dogecoin must move beyond meme status to gain SEC approval, showing real-world utility.SEC's evolving perspective under new leadership may influence XRP and Dogecoin outcomes.Potential XRP ETF could boost market accessibility, liquidity, and attract institutional investments.