The SEC has postponed its decision on the Truth Social Bitcoin ETF and Grayscale Solana Trust, reflecting ongoing regulatory scrutiny of cryptocurrency products.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Truth Social Bitcoin ETF, moving the review deadline from August 4 to September 18. The SEC also postponed decisions on Grayscale's Solana Trust and Canary Capital's proposed Litecoin ETF, with Commissioner Hester Peirce indicating slower approvals due to ongoing litigation. If approved, the Truth Social Bitcoin ETF would be the first crypto ETF linked to a sitting U.S. president's business interests, raising ethical concerns among some lawmakers.