SEC Delays Ruling on Truth Social Bitcoin ETF amid Growing Trump-linked Crypto Activity

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Truth Social Bitcoin ETF, a crypto investment product filed by Trump Media & Technology Group, operator of the Truth Social platform.

The proposed fund was submitted in June and seeks to provide investors exposure to Bitcoin through a publicly traded ETF structure.

In a statement issued Monday, the SEC extended its review period to September 18, citing the need for additional time to evaluate the proposal. “The Commission finds it appropriate to designate a longer period… so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the agency noted in the filing.

The ETF is one of several recent attempts to bring high-profile crypto products to U.S. markets, but it stands out due to its affiliation with President Donald Trump, who frequently posts on Truth Social. Approval of the ETF would mark another significant step in Trump’s growing association with digital assets.

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Beyond the ETF, Trump-linked crypto initiatives have expanded in recent months. These include the emergence of meme coins bearing his name, as well as the World Liberty Financial DeFi project—reportedly backed by members of the Trump family. The ETF, if approved, would effectively deepen the intersection between Trump-branded ventures and the digital asset ecosystem.

The delay comes as the SEC continues to face a surge of crypto-related ETF applications, including those tied to major tokens like Ethereum and Solana. Analysts note that the agency is moving cautiously as it balances innovation with investor protection.

For now, Truth Social’s Bitcoin ETF remains under review—part of a broader narrative where politics, digital finance, and regulatory scrutiny continue to collide in 2024.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.