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SEC Delays Decision on Trump’s Truth Social Bitcoin ETF – Details Inside!
The United States Securities and Exchange Commission (SEC) has decided to delay its decision on the Truth Social Bitcoin ETF, leaving investors in a state of uncertainty. The proposed fund, backed by Trump Media and Technology Group, was initially expected to receive a verdict on August 4th but has now been pushed back to September 18th.
The SEC’s move is unlikely to calm concerns surrounding the potential approval of this particular cryptocurrency product. Critics argue that the decision could set a dangerous precedent for future presidents to profit from regulatory actions. The controversy revolves around Donald Trump’s involvement with Truth Social and its affiliated assets, potentially influencing the Commission’s verdict.
The implications are far-reaching, as they could compromise the integrity of the SEC’s approval process. In the words of one anonymous insider, “This decision has significant repercussions for regulatory oversight in the crypto industry.”
Source: ambcrypto.com
