SEC Maintains Stance On XRP As Security, ETF Approval Delayed

According to BlockBeats, on October 11, Nate Geraci, President of The ETF Store, shared on social media that the U.S. Securities and Exchange Commission (SEC) continues to classify the cryptocurrency XRP as a security. Geraci cited a report from Fox Business News, indicating that under the current administration, the approval of an XRP Exchange-Traded Fund (ETF) might still take some time.