Sec delays truth social btc & ether ETF as critics mark conflicts

Sec delays truth social btc & ether ETF as critics mark conflicts

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The US Securities and Exchange Commission (SEC) has told a decision about the Truth Social Bitcoin and Ethereum ETF, a product of the Trump Media & Technology Group that critics say that the conflicts of interest generate, given the involvement of President Donald Trump.

By one submitThe new deadline is now set for October 8, while the SEC continues to assess various other hanging crypto ETF applications.

The first deadline was planned for 4 August, then moved to September 18 and will now be postponed until 8 October. The Bitcoin and Ethereum ETF, proposed in June, has so far received only one public comment, which is called for rejection because of the involvement of Donald Trump at Crypto.

The delay in the ETFs is a normal part of the assessment process. According to the law, the agency can extend the deadlines several times, up to 240 days before it makes a final decision. During this time, the SEC also accepts public comments from investors, experts and market participants.

In the past two years, many Bitcoin and Ethereum ETFs have completed the same process before approval. Analysts say that the SEC is careful and tries to balance a strong question from investors with the need to keep markets stable and well regulated.

The SEC approach for crypto ETFs has shifted since Trump took office. Under new leadership, the regulator has approved rules to create authorized participants and to release crypto ETFs in kind. It also started to allow applications to mention and trade Bitcoin and Ethereum ETFs, as well as options on certain Bitcoin funds.

Sec delays more crypto ETF decisions

The SEC has delayed decisions about different crypto funds in addition to the truth social bitcoin and Ethereum ETF. These include the Coinshares Litecoin ETF, Coinshares XRP ETF and the 21Shares Core XRP ETF, now in October.

The regulator also has statements about the Canary XRP Trust, Grayscale XRP Trust and a plan to turn off in the 21shares Coree ETF possibly to postpone. These delays show that crypto ETFs go beyond just Bitcoin and Ethereum, giving investors new ways to gain access to the market without having coins directly.

However, the SEC moves carefully and carefully reverses risks such as liquidity, custody and possible market manipulation. By pushing these deadlines back, the SEC indicates that it still weighs the advantages and disadvantages of opening the door for a wider range of crypto-based funds.

For investors, the delay means more waiting and uncertainty. However, some analysts believe that the extra time can be a positive sign, which suggests that the SEC is considering careful approval instead of completely rejecting the proposals.

Trump’s crypto ETF plans arouse the political debate

The SEC has delayed its decision about the Truth Social ETF as questions grow about the in -depth involvement of the Trump family in the crypto space.

Trump has involved various crypto-related business companies that have contributed considerably to his wealth. The file proposal also led to a debate in Washington, with critics warning for conflicts of interest and supporters who insist that politics should not block innovation.

World Liberty Financial, partly founded by Trump and his sons, has reportedly earned $ 390 million for him, while his $ Trump Meme Coin yielded around $ 315 million through licensees and price movements.

Last month his administration postponed a plan of 166 pages for American leadership in digital assets. If the ETFs are approved, they would be the first crypto eths who are bound to a president’s company.

Trump Media has also applied for a “crypto blue chip ETF” that would include a Bitcoin of 70%, 15% Ethereum, 8% Solana, 5% XRP and 2% Cronos.

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