The argument, laid out in CoinDesk's Sept. 2 market roundup , is that tightening policy into an already fragile market could deepen the pressure on prices rather than steady them.
The debate centers on a proposed SEC rule framework for exchange-traded products, documented in the agency's rule filing 33-11426 . The question at issue is how future crypto ETFs get approved and listed, and whether new standardized criteria should replace or reshape the current route.
XRP has been framed as the early winner of September's crypto ETF race, though the claim rests more on narrative momentum than on a settled scoreboard, and the available data does not yet confirm a decisive lead over rival products.
The pushback is centered on comment letters submitted to the SEC's rulemaking docket S7-2026-24, which is collecting public comments on how the agency should handle novel ETF proposals.
Spot XRP ETFs are on track for their most bullish month of 2026, with the five US spot Ripple ETF products advancing together, though the exact size of the gain is not confirmed in the available reporting.
XRP is holding near $1. 37 as its recent rebound loses momentum, keeping traders focused on a possible move toward $1.
The Crypto. com-linked Cronos network halted after an exploit tied to the Tectonic lending protocol, an incident reported at an estimated $75 million, raising immediate questions about how quickly the chain can restore normal operations and how much of the loss is ultimately confirmed.
BTCBitcoin
ETHEthereum
SOLSolana
XRPXRP
