Top legal expert slams regulators for holding back XRP amid spot ETF delay

A legal expert has criticized regulators for what he sees as a persistent bias against XRP , following the rapid approval and launch of several new cryptocurrency exchange-traded funds ( ETFs ). Specifically, pro-Ripple lawyer Bill Morgan expressed frustration after it emerged that spot ETFs for Solana ( SOL ), Litecoin ( LTC ), and Hedera ( HBAR ) had been cleared to begin trading on major U. S. exchanges.

I had a strong feeling XRP Spot ETFs would not be ￰1￱ are always delays when it comes to ￰2￱ held back. ￰0￱ — bill morgan (@Belisarius2020) October 27, 2025 Altcoin spot ETF trading His October 28 comments came in response to announcements from Canary Capital and Bitwise, both confirming that their spot cryptocurrency ETFs had become effective and would list imminently despite the ongoing ￰3￱ ￰4￱ to Bitwise, its Solana Staking ETF (BSOL), the first of its kind, is now trading on the New York Stock Exchange, providing investors direct exposure to ￰5￱ Capital also confirmed that its Litecoin and Hedera ETFs are launching on Nasdaq, while Grayscale’s Solana Trust ETF (GSOL) is set to convert later this ￰6￱ swift approval process, facilitated through automatic legal mechanisms that allow S-1 filings to go effective without direct SEC intervention, has fueled further debate within the crypto community.

Many, like Morgan, argue that XRP continues to face disproportionate scrutiny from regulators, even as other altcoins move quickly into mainstream ￰7￱ the positive response of investors to the underlying assets of the current altcoin spot ETFs, Morgan stressed that a similar product for XRP could see a price ￰8￱ entertained the idea it would have a big impact on price. I’m just gonna say it again, XRP price action largely follows bitcoin price ￰9￱ there are 100 XRP ETF approvals on the same day that bitcoin price falls 10% you will see an even bigger fall in XRP price. — bill morgan (@Belisarius2020) October 27, 2025 The contrast has reignited long-standing concerns over the SEC’s handling of XRP, especially given its previous legal battles with ￰10￱ SEC was expected to approve several spot XRP ETFs by the end of October, but the decision has been delayed due to the ongoing government ￰11￱ price analysis Meanwhile, despite failing to secure regulatory approval for the ETF, XRP has shown strong price resilience amid short-term bearish sentiment in the ￰12￱ of press time, the asset is trading at $2.63, having rallied roughly 0.5% in the past 24 ￰13￱ the past week, XRP is up almost 7%.

XRP seven-day price chart.