The XRP community is abuzz with speculation as the U.S. Securities and Exchange Commission (SEC) gears up for a closed-door meeting on February 27, 2025. The meeting agenda has explicitly referenced XRP, sparking discussions about potential regulatory decisions.
Given the SEC’s history of enforcement actions in the crypto space, industry experts and investors are eager to see whether the agency will announce any significant rulings.
This meeting comes after the SEC recently closed cases involving Coinbase, Robinhood, and Uniswap Labs. With those legal battles resolved, market participants are now turning their attention to XRP’s regulatory status and what the SEC’s next move might be.
XRP Enforcement Matters and ETF Proposal Under Scrutiny
The SEC’s agenda for the meeting includes discussions on:
- Injunctive actions
- Administrative proceedings
- Enforcement-related matters
Since XRP is explicitly mentioned in the documents, market analysts are closely monitoring the situation for any potential updates.
Adding to the intrigue, a separate filing by Cboe BZX Exchange, Inc. on February 6, 2025, has intensified interest. The filing proposes the listing and trading of the Bitwise XRP Exchange-Traded Fund (ETF) under BZX Rule 14.11(e)(4), which governs Commodity-Based Trust Shares.
According to the filing, Bitwise Investment Advisers, LLC, the sponsor of the XRP ETF, has officially registered it with the SEC. However, the filing also clarifies that:
- The trust is not classified as an investment company under the Investment Company Act of 1940.
- It is also not considered a commodity pool under the Commodity Exchange Act (CEA).
- Its sponsor or manager is not a commodity pool operator or commodity trading adviser.
The SEC typically assesses ETF proposals based on whether the listing exchange has sufficient market surveillance measures with a regulated trading venue. The same criteria will likely apply when reviewing the Bitwise XRP ETF application.
Potential Impact on XRP and the Crypto Market
With the SEC shifting its focus after concluding high-profile cases, XRP’s regulatory fate has become a hot topic. The agency’s ongoing legal battle with Ripple Labs over XRP’s classification has fueled uncertainty about its future.
While the Bitwise XRP ETF operates independently of Ripple, its approval—or rejection—could significantly influence XRP’s market outlook. If the SEC’s February 27 meeting provides any clarity regarding XRP’s regulatory status, it could impact the digital asset’s price and adoption in the coming months.
Conclusion
As the February 27 SEC meeting approaches, investors and industry insiders await potential developments regarding XRP and its regulatory status. Whether the meeting results in new enforcement actions or signals progress toward ETF approval, its outcome will likely have far-reaching effects on XRP’s future and the broader cryptocurrency market.
