SEC Delays Truth Social Crypto ETF Ruling, Political Pressure Mounts

The Securities and Exchange Commission (SEC) has delayed its decision on Truth Social’s Bitcoin and Ethereum ETF application until October 8th, extending the review period for a case already shrouded in political intrigue. This move marks an unexpected escalation of scrutiny on the agency, which faces pressure to navigate between crypto innovation and potential political influence. The upcoming ruling carries significant weight due to Trump Media’s close ties with the SEC, adding a layer of complexity and potentially impacting investor confidence.