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SEC Delays Decision on Truth Social’s Bitcoin ETF Until September
The U.S. Securities and Exchange Commission is pushing back its decision on whether to approve a Bitcoin exchange-traded fund proposed by Truth Social, the social media platform owned by Trump Media & Technology Group. In a filing released Monday, the SEC said it would extend its review period to September 18, giving itself more time to evaluate the proposed rule change and “the issues raised therein.” According to its S-1 registration filing, the proposed “Truth Social Crypto Blue Chip ETF” will follow the performance of five major tokens: Bitcoin, Ether, Solana, Cronos, and XRP. The initial allocation ... (full story)
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