SEC Delays Bitcoin and Ethereum ETF Decisions, Extending Approval Deadline to October 8

On August 19, COINOTAG News reported that the U.S. Securities and Exchange Commission (SEC) has decided to delay its verdict on Bitcoin and Ethereum ETF applications tied to Truth Social, the social media platform operated by Trump Media & Technology Group. In a recent filing, the SEC pushed the approval deadline for the Truth Social ETF to October 8, following its routine protocol to evaluate a host of cryptocurrency ETF applications. This postponement is not an isolated event; similarly, the SEC has also delayed decisions for the CoinShares Litecoin ETF, CoinShares Ripple ETF, and 21Shares Ripple ETF, with new deadlines now extending to late October. The SEC elaborated in its filing that this extended timeline allows for a thorough review of proposed rule changes and associated issues before a final decision is reached.