SEC DELAYS $TRUMP -LINKED BITCOIN ETF DECISION AS MULTIPLE CRYPTO FUNDS FACE REGULATORY SETBACKS

The U.S. Securities and Exchange Commission (SEC) has officially postponed its decision on the proposed Truth Social Bitcoin ETF—an application closely tied to former President Donald Trump’s social media platform. This ETF, if approved, would mark one of the most politically charged entries into the crypto investment landscape, blending digital assets with high-profile conservative media influence. The agency cited the need for “additional time to evaluate the proposal and public input,” pushing the next potential review to September.

The delay comes amid a broader pattern of regulatory hesitation, as the SEC also extended review periods for other major crypto investment products. These include the Grayscale Solana Trust, which seeks to bring institutional exposure to $SOL, and the Canary Capital Litecoin ETF—both of which are now expected to face decisions later this year. While delays are not uncommon in the ETF approval process, the clustering of postponements signals that the SEC may be re-evaluating its overall approach to crypto-backed funds in light of increasing political scrutiny and market volatility.

Investors and market analysts are now turning their attention to September, which could become a defining month for crypto ETFs. If greenlit, these ETFs could inject new capital and legitimacy into altcoin markets while also influencing regulatory sentiment ahead of the 2024 U.S. elections. Until then, the delays serve as a stark reminder of the SEC’s cautious stance and the uncertain regulatory path for politically connected crypto products.

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