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SEC delays decision on Truth Social's Bitcoin ETF
The U.S. SEC has just postponed its decision on the Bitcoin ETF application from Truth Social, according to PANews on September 17, affecting market sentiment and investor interest. This move reflects close scrutiny of financial products based on cryptocurrency, which could impact the demand for Bitcoin and Ethereum.
Truth Social, part of Trump Media & Technology Group, has filed to participate in the pending wave of cryptocurrency ETFs awaiting approval. SEC Chairman Paul Atkins stated that the agency needs more time to review the rule changes and related issues. With its tradition of cautious decision-making, the SEC is said to be continuing to assess the impact on the market and investors.
Although major leaders in the industry have not responded clearly, observers believe that this delay is part of a global cautious trend regarding cryptocurrency regulation.