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International Business Times
International Business Times
Business
Marvie Basilan

Franklin Templeton Files For $XRP ETF Amid SEC Delays On Crypto Applications

SEC Franklin Templeton ETF XRP Crypto Brad Garlinghouse James Seyffart Paul Atkins Ripple Cryptocurrency
Franklin Templeton is one of the world's largest asset management firms. FranklinTempletonTV YouTube | The Inspiration Behind Our Brand, Benjamin Franklin (Credit: FranklinTempletonTV YouTube Channel/Screenshot)

KEY POINTS

  • The investment firm noted how the XRP Ledger is a standout in the blockchain space due to its primary function of 'transactional utility'
  • Ripple CEO Brad Garlinghouse re-posted a report on the development, indicating the filing could be more significant than others
  • Bloomberg's James Seyffart said the SEC delays are expected since the new Chair hasn't been confirmed yet

Franklin Templeton, a leading global investment company, has filed an S-1 document with the U.S. Securities and Exchange Commission (SEC) to issue an XRP exchange-traded fund (ETF) just as news emerged that the financial regulator delayed its decision on approving or denying applications for other crypto ETFs.

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