Lawyer Bill Morgan says October may be pivotal for Ripple as XRP ETF and banking license decisions loom.
A crypto lawyer, Bill Morgan, said that October 2025 is a significant month for Ripple because the company has to make two critical decisions.
This comes after the U.S.SEC put off making decisions on several XRP ETF applications.
October Is Big Month For Ripple
A few days ago, Bill Morgan wrote that October could be a significant month for XRP’s growth.
Not long ago, the SEC pushed back the decision date for several XRP ETF applications.
He also said that Ripple’s ruling on its banking license might come in the tenth month.
“All these spot ETFs including XRP spot ETFs being delayed until late October 2025. Then you have Ripple’s application for a national bank charter… which means by the end of October. A lot could happen at once in October,” he noted.
Ripple’s business plan is still secret, but the result of these approvals will be significant.
A national charter would ensure Ripple’s operations are rooted in the US financial system, while an XRP ETF would show that the market accepts it.
Since the case between the SEC and Ripple is over, the company is moving closer to becoming more widely used, and the rules are becoming clearer.
If the XRP ETFs were accepted, the token would go up significantly.
Important Decisions About Regulations Are Due In October
CoinGape reported that the SEC officially extended the review time for several XRP ETF applications.
This had papers from Franklin Templeton, 21Shares, Grayscale, Bitwise, CoinShares, Canary Capital, and WisdomTree.
The commission pushed back the deadlines by 60 days, making mid- to late-October the last chance to make decisions.
The original target was in August.
Because of legal deadlines, the SEC can’t give any more extensions after this point.
In other words, the ETFs should hear the final answer by the tenth month.
If the XRP ETF were approved, institutional investors would have been limited in how much they could spend on the altcoin.
This could lead to more acceptance and liquidity.
On the other hand, Ripple would face problems when it tried to connect its ecosystem to standard financial markets.
This month is vital because October is also when Ripple’s US national banking license application is likely to be approved.
The Office of the Comptroller of the Currency (OCC) says that applications are usually looked at within 120 days.
This means that Ripple has until late October to meet the limit.
With the charter, Ripple could work as a trust bank controlled by the federal government.
It is now one of only a few crypto companies with this amount of oversight. The move would also boost Ripple’s reputation with regulators.
The company also put in an application for a Federal Reserve master account.
This would let them hold RLUSD funds directly with the US central bank.
The legal process for Ripple is about to take a significant turn as October approaches.
This month could make or break XRP’s chances of becoming more widely used in the US banking system.
