Retain
The SEC has delayed its decision on the ETF of Bitcoin social truth, arousing political controversy and the uncertainty of the market. Meanwhile, the optimism of investors around Crypto ETF remains strong despite the current regulatory setbacks.
Despite an increase in requests from various ETFs, the American Commission for Securities and Exchange (SEC) continues to slow down its approvals.
The latest addition to the growing list of delayed decisions is the ETF Truth Social Bitcoin (BTC), supported by Trump Media and Technology Group, which was initially planned for a verdict on August 4.
Truth Social Bitcoin ETF delayed
Instead, the SEC has now pushed its decision on September 18, invoking the need for additional time to assess the proposal and respond to any concern raised.
The fund was initially aimed at registering on NYSE Arca as part of the FIGHT -based sharing framework on the dry raw materials, but its fate now seems to be suspended in extended regulatory limbo.
The delay in the decision on the ETF of Bitcoin Social Truth sent undulations through the wider Trump cryptography ecosystem.
An immediate impact was a sharp drop in the official Trump price (Trump), which dropped 5.97% in the last 24 hours, negotiating $ 9.65 at the time of the editorial staff.
What will happen if it is approved?
If it is approved, the FNB Truth Social Bitcoin would mark a historic stage in cryptocurrency and presidential business links.
This would be the first cryptographic fund linked to the commercial interests of the American President. This link aroused a debate and aroused a general concern.
Although the SEC was not officially opposed, Donald Trump’s participation raises eyebrows, especially among democratic legislators.
They fear that the FNB can establish a dangerous precedent for future presidents to benefit from regulatory decisions. These concerns extend beyond the fund itself.
The situation raises broader questions about equity, transparency and potential political influence within the dry. Some fear that this decision can reveal ethical angles in the agency’s approval process.
Analysts and legislators weigh the consequences of the light of the green of a product so closely linked to the Trump brand. If the request for assets affiliated to Trump increases, it could personally enrich the president.
This possibility fuels the heated debate on the policy and regulation of cryptography.
Other ETF waiting
Meanwhile, the decision of the dry to exchange the ETF of the index approved by Bitwise and Grayscale is added to the wider uncertainty in the face of multi-network cryptographic products in the United States
However, it should be noted that this has not completely attenuated the feeling of the market.
The FNB Bitcoin Spot recorded notable entries of $ 157.1 million, according to Farside investors, reflecting persistent institutional interests.
Meanwhile, the global market capitalization of cryptography dropped by 0.79% at the time of the press, showing short -term volatility in the midst of a regulatory hesitation.
However, Polymarket’s data suggest that optimism for possible FNB approvals continues to hold hard, keeping the light firmly on the next dry movement.
