Legal and regulatory developments could place both Ripple and XRP in the spotlight this October. Attorney Bill Morgan, a well-known figure in the XRP community, recently outlined two significant decisions expected to take place around the same time, each with the potential to impact the token’s trajectory and Ripple’s long-term positioning in the financial sector. SEC’s Extended Review of Spot XRP ETFs The first development concerns the U.S. Securities and Exchange Commission’s (SEC) ongoing evaluation of proposed spot XRP exchange-traded funds (ETFs). On August 18, the regulator announced that it would defer rulings on several pending applications, including those submitted by CoinShares, Grayscale, and 21Shares. These postponements moved the final decision deadlines into late October 2025. This marks the second delay by the SEC on spot XRP ETFs, but the upcoming deadline represents the final review period allowed under federal securities law. The agency must either approve or reject the proposals by that date. Approval would allow regulated investment products directly tied to XRP’s spot market to trade on U.S. exchanges, potentially opening the asset to a broader class of institutional and retail investors. Market analysts suggest that approval could strengthen XRP’s liquidity and credibility, while rejection would maintain the status quo but could dampen short-term sentiment. Ripple’s National Bank Charter Application The second major decision relates to Ripple’s application for a U.S. national banking charter. On July 2, Ripple formally submitted its request to the Office of the Comptroller of the Currency (OCC). According to federal regulations, the OCC is required to issue a decision within 120 days of receiving a complete application, unless an extension is formally granted. This timeline places a potential ruling around late October. If approved, the charter would permit Ripple to operate as a nationally recognized bank, providing it with the ability to expand its financial services beyond payments technology and into regulated banking activities. This development could also elevate Ripple into the ranks of significant U.S. financial institutions, particularly if the company maintains a large portion of its XRP holdings on its balance sheet. While the OCC could finalize its review before October, the agency also retains the discretion to extend the decision period if additional examination is deemed necessary. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Possible Market Impact Commenting on the combined significance of these events, Bill Morgan noted that October could prove to be a decisive month for Ripple and XRP. The simultaneous timing of the SEC’s final ETF deadline and the OCC’s charter decision underscores how regulatory clarity could shape the future outlook for both the company and its token. Financial commentator Zach Rector has also weighed in on the potential effects of an ETF approval. Rector argued that anticipation for these investment products could drive short-term upward momentum in XRP’s price. However, he cautioned that some early investors might sell once approvals are confirmed, leading to a temporary pullback. In his view, long-term inflows into XRP ETFs would likely sustain demand and could support a rally toward double-digit price levels. With both the SEC and OCC expected to issue decisions in October, Ripple and XRP could soon face pivotal outcomes. ETF approval would broaden market access, while a successful bank charter application would significantly enhance Ripple’s institutional standing. Taken together, these developments could mark a turning point for XRP’s role in the global digital asset ecosystem. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Two Big Decisions to Change Everything for Ripple and XRP In October appeared first on Times Tabloid .