The SEC has extended the review period for the Truth Social Bitcoin ETF to September 18 and for Grayscale’s Solana Trust to October 10. This decision reflects ongoing evaluations regarding cryptocurrency regulations in the U.S.
Concerns have been raised about possible conflicts of interest involving Trump’s business with the crypto ETF. If approved, the ETF could link a current U.S. President’s business interests with cryptocurrencies.
The SEC’s current pace of delay stands in stark contrast to historical timelines for Bitcoin ETF applications, with today’s swift assessments marking a longer review period compared to past applications.
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