U.S. SEC Delays Decision on Multiple Cryptocurrency ETF Applications

【U.S. SEC Delays Decision on Multiple Cryptocurrency ETF Applications】According to Golden Finance, the U.S. Securities and Exchange Commission (SEC) has postponed its approval decision for the Bitcoin and Ethereum ETFs applied for by Truth Social, a social platform under Trump Media & Technology Group. According to documents submitted on Monday, the SEC has extended the approval deadline for the Truth Social ETF to October 8, as part of its regular procedure for evaluating dozens of cryptocurrency ETF proposals. Also postponed on the same day were the CoinShares Litecoin ETF, CoinShares Ripple ETF, and 21Shares Ripple ETF, with decision deadlines extended to late October. The SEC stated in the documents: 'The Commission finds it necessary to extend the review period to fully assess the proposal and related issues.'