The SEC delays decision on Trump Media’s Truth Social Bitcoin ETF until Sept. 18, pushing back from Aug. 4. The agency also postpones approval of Grayscale Solana Trust and Canary Litecoin ETF to Oct. 10 and Oct. 2, respectively. Investors must wait as the SEC evaluates proposed rule changes and related issues.

SEC Commissioner Hester Peirce urges patience with crypto ETF approvals, citing limited resources and multiple factors to consider. Concerns arise over close ties between the president and the crypto industry. Trump Media files for Truth Social Bitcoin and Ethereum ETF, as well as Truth Social Crypto Blue Chip ETF, allocating assets to various cryptocurrencies.

President Trump signs GENIUS Act into law, establishing a regulatory framework for stablecoins. The delay in approving various crypto-related ETFs reflects the SEC’s cautious approach to evaluating proposals. Investors await further updates on the status of these funds.

Read more at Yahoo Finance.: SEC Postpones Decision on Truth Social Bitcoin ETF