CoinWorld News reports that the U.S. Securities and Exchange Commission (SEC) has delayed its decision on whether to approve the exchange-traded funds issued by Truth Social, a social media platform operated by Trump Media & Technology Group. According to documents submitted on Monday, the SEC has set October 8 as the next deadline for the Truth Social Bitcoin and Ethereum ETFs. The delay is routine as the agency weighs dozens of cryptocurrency ETF proposals. On Monday, two additional applications for delays regarding the CoinShares Litecoin ETF, CoinShares XRP ETF, and 21Shares Core XRP ETF were submitted, pushing the deadlines to later in October. "The Commission believes it is appropriate to designate a longer period to take action on the proposed rule changes so that it has sufficient time to consider the proposed rule changes and the questions raised therein," the agency stated in the ETF filings for Truth Social. The Bitcoin and Ethereum ETFs for Truth Social were initially proposed in June and have so far received only one comment urging the agency to reject approval due to President Donald Trump's involvement in cryptocurrency. Trump has made millions from his family's cryptocurrency ventures, including World Liberty Financial DeFi and stablecoin projects, as well as the issuance of TRUMP and MELANIA memecoins. Accountable.US, a non-profit organization dedicated to holding government officials accountable, has its president Caroline Ciccone stating, "If the SEC votes to approve the issuance, it will raise doubts among Americans about the market and may undermine confidence in the market and the agency itself." "The Commission will have to face these questions: Are they approving the rule because it is beneficial for the country? Or because doing so would benefit the President's business?" Truth Social is also in the race for a Bitcoin ETF. Since Trump's presidency, the SEC's stance on cryptocurrency ETFs has changed significantly over the past year. In July of this year, the agency voted to approve an order allowing authorized participants to create and redeem physical cryptocurrency ETFs under new leadership. At that time, the agency also allowed applications for the listing and trading of spot Bitcoin and Ethereum ETFs, as well as options for "certain spot Bitcoin ETPs." During the Biden administration, following a key court ruling, the SEC approved a spot Bitcoin ETF, and later approved an Ethereum ETF.