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The SEC Delays Decision on Multiple Cryptocurrency ETFs

2 hours ago

On August 19th, the U.S. Securities and Exchange Commission (SEC) postponed the approval decision regarding the Bitcoin and Ethereum ETF applications submitted by Trump Media & Technology Group's social media platform, Truth Social. According to a filing made on Monday, the SEC has extended the deadline for the approval of the Truth Social ETF to October 8th. This is part of its standard procedure for reviewing dozens of cryptocurrency ETF proposals. Also postponed on the same day are the approval decisions for the CoinShares Litecoin ETF, CoinShares Ripple ETF, and 21Shares Ripple ETF, with the decision deadlines all being pushed back to late October. The SEC stated in the filing: "The Commission deems it appropriate to set a longer period within which to issue an order approving or disapproving the proposed rule change in order to have sufficient time to consider the proposed rule change and the issues raised."
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Trump: Expects a solution today, resolution may include security measures

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