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The SEC has delayed the approval of Truth Social's Bitcoin and Ether ETF applications.
[BitPush] The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the approval of the application for Bitcoin and Ethereum ETFs by Trump Media & Technology Group's social platform Truth Social.
According to documents submitted on Monday, the SEC has extended the approval deadline for the Truth Social ETF to October 8, which is a routine procedure for the agency to evaluate dozens of cryptocurrency ETF proposals.
Also postponed for approval on the same day are a certain platform Litecoin ETF, a certain platform Ripple coin ETF, and another certain platform Ripple coin ETF, with the decision deadlines for these products extended to late October. The SEC stated in the document: The committee believes it is necessary to extend the review period to adequately assess the content of the proposals and related issues.