SEC opens Franklin Templeton Sol and XRP ETF proposals to comment

The Securities and Exchange Commission (SEC) has made public comments from asset manager Franklin Templeton to asset manager Franklin Templeton listed in Chicago Board Options BZX Exchange to two proposed cryptocurrency exchange-traded funds (ETFs).

The Securities and Exchange Commission (SEC) said in a separate filing Tuesday that litigation proceedings are being developed that can enable U.S. exchanges to list shares in the Franklin XRP ETF and Franklin Solana ETF. CBOE BZX Exchange filed a proposed rule change with the SEC in March to allow approval of investment vehicles, and regulators delayed the rule in April, postponing its deadline to Tuesday.

“The litigation body has not shown that the Commission has reached any conclusions on any issues involved,” the SEC said in both documents. “Instead, the Commission seeks and encourages interested persons to provide comments on the proposed rule changes.”

After publication in the Federal Register, the SEC notice will effectively push the deadline to decide whether to approve or disapprove of the Franklin Templeton ETF to July 35 days. Although U.S. regulators have already made green spot investment vehicles for Bitcoin (BTC) and Ether (ETH), many companies are fighting for the first to get approval from tokens such as XRP, Solana (Sol).

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A new day under the SEC Atkins chair?

The U.S. exchange with proposed listings from several asset managers has submitted a list of SEC for sales and trading investment instruments for Sol or XRP, including bits, Proshares and 21 shares. The SEC has fundamentally changed its approach to digital assets from the Trump administration and presidential presidential chairman Paul Atkins, by revoking several high-profile enforcement actions against cryptocurrency companies.