The SEC Delays Decision on Multiple Cryptocurrency ETFs

BlockBeats News, August 19, the U.S. Securities and Exchange Commission (SEC) has postponed the approval decision for the Bitcoin and Ethereum ETF applications from Trump Media & Technology Group's social media platform Truth Social.

According to a filing submitted on Monday, the SEC has extended the deadline for the approval of the Truth Social ETF to October 8, as part of its standard procedure to review dozens of cryptocurrency ETF proposals.

Also postponed on the same day are the approval decisions for the CoinShares Litecoin ETF, CoinShares Ripple ETF, and 21Shares Ripple ETF, with the decision deadlines all being extended to late October. The SEC stated in the filing: "The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised."