Key Insights:
- SEC extends deadlines for XRP, DOGE, LTC, and ETH-related ETF proposals until October.
- Truth Social Bitcoin-Ethereum ETF review pushed to October 8 amid political scrutiny.
- Watchdog group warns of conflicts due to Trump’s crypto ventures and TMTG ties.
The U.S. Securities and Exchange Commission extended deadlines on several crypto ETF filings, including XRP, Dogecoin, and Litecoin.
The regulator also postponed a decision on the Truth Social Bitcoin and Ethereum ETF, citing a need for more review.
The SEC set October 19 as the final deadline for ruling on 21Shares Core XRP Trust, beyond its original August date.
Amendments filed earlier this year required additional analysis, and the regulator must now approve or reject the ETF by October.
Other proposals from Bitwise, CoinShares, Grayscale, and Canary Capital for XRP ETFs also received the same October timeline.
The agency is expected to rule on multiple funds together, as it did previously with spot Bitcoin and Ethereum ETFs.
Truth Social ETF Faces Political and Market Scrutiny
The Truth Social Bitcoin and Ethereum ETF decision was delayed to October 8 following its June submission.
The SEC cited the need for “sufficient time to consider the proposed rule change and the issues raised therein.”
Accountable.US, a nonprofit watchdog, urged the SEC to reject the ETF, citing conflicts with Trump’s financial interests.
Caroline Ciccone, the group’s president, argued approval could undermine public trust in markets and the commission’s independence.
Trump Media & Technology Group reported weak first-quarter earnings of $821,200 despite a $5 billion valuation.
Critics warn the ETF could support a financially struggling firm closely linked to President Trump’s crypto ventures.
Trump’s portfolio includes DeFi projects, branded tokens, and direct exposure to digital assets worth about $620 million.
This exposure, combined with his 52% stake in TMTG, heightens scrutiny over the ETF’s approval process.
Shifting SEC Posture Toward Crypto ETFs
The SEC recently approved in-kind creations and redemptions for crypto ETFs, signaling a more flexible stance under new leadership.
This marked a departure from Biden-era caution, when the agency approved spot Bitcoin and Ethereum ETFs only after court rulings.
Earlier, the SEC postponed Solana ETF decisions until October, raising expectations that several altcoin funds could launch simultaneously.
Pending proposals now include ETFs tied to Cardano, Hedera, Avalanche, and other tokens awaiting review.
The commission also delayed rulings on CoinShares Litecoin ETF, Grayscale Dogecoin ETF, and 21Shares Ethereum staking ETF.
October now represents a decisive period when multiple crypto ETFs could receive either approval or rejection together.
According to Bloomberg, Trump’s net worth stands near $6.4 billion, with digital assets accounting for about $620 million.
That figure reflects the growing role of crypto in his financial footprint, increasing political weight around ETF approvals.
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Source: https://coincu.com/news/sec-delays-decision-on-xrp-doge-ltc/