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

CoinVoice has learned 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, the social media 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 decisions regarding the CoinShares Litecoin ETF, CoinShares Ripple ETF, and 21Shares Ripple ETF, with all these products' decision deadlines extended to late October. The SEC stated in the document: 'The Commission believes it is necessary to extend the review period to fully assess the proposal and related issues.' [Original link]