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

Golden Finance reports that the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the approval of the Bitcoin and Ethereum ETF applications from 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, which is part of the agency's standard 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 all pushed to late October. The SEC stated in the documents: "The Commission believes it is necessary to extend the review period in order to thoroughly assess the proposal and related issues."