Donald Trump, the 47th president of the United States, is actively promoting the cryptocurrency industry, but his plans to launch the Truth Social Bitcoin & Ethereum ETF have faced a hurdle. The U.S. Securities and Exchange Commission (SEC) has postponed the decision on the approval of this ETF until October 8, 2025, due to concerns over conflicts of interest and Trump's financial ties to crypto assets worth $1.2 billion.
The proposed fund, submitted by Trump Media & Technology Group, was to invest 75% in $BTC and 25% in $ETH , competing with giants like BlackRock. However, the SEC also postponed decisions on other cryptocurrency ETFs, including the CoinShares Litecoin ETF and Ripple ETF, indicating the regulator's cautious approach ahead of the important FOMC meeting in September.
This delay has sparked discussions in the crypto community, as Trump positions the U.S. as the 'cryptocurrency capital of the world.' Despite his ambitions, experts emphasize the need for transparency and clear regulation.
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