The SEC has postponed its decision on the Truth Social Bitcoin ETF, backed by Donald Trump’s media company, extending the review period to mid-September.
The delay reflects broader regulatory caution, with the SEC also pushing back rulings on Grayscale’s Solana Trust and a Litecoin ETF.
SEC Commissioner Hester Peirce, a crypto advocate, recently warned that approvals could slow further due to legal challenges. The move comes just months after the SEC greenlit the first spot Bitcoin ETFs—a process that took over 10 years.
The Trump-affiliated ETF seeks to list on NYSE Arca, pending SEC clearance.
