The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Bitcoin ETF proposed by Trump Media & Technology Group until September 18, 2025, affecting the cryptocurrency market.
SEC Decision Postponement
The SEC has delayed its decision on the Bitcoin ETF filed by Trump Media & Technology Group, as part of a series of delays affecting multiple crypto funds. This postponement allows the Commission to further examine the proposed rule change and related issues.
Impact on Cryptocurrencies
The delay impacts not only Bitcoin (BTC) but also other cryptocurrencies like Solana (SOL) and Litecoin (LTC) due to concurrent postponed ETFs. No new funding related to the Truth Social ETF has been officially announced.
SEC's History of Caution with Bitcoin ETFs
The current delay mirrors previous SEC actions, as approvals of Bitcoin ETFs have historically resulted in significant market reactions. This regulatory caution aligns with prior practices concerning novel ETF structures.
The SEC's postponement of the Truth Social Bitcoin ETF decision highlights the current regulatory scrutiny in the cryptocurrency market and the importance of timing for future investments.
