The SEC has postponed its decision on multiple cryptocurrency ETF applications

ChainCatcher news reports that the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the approval of the Bitcoin and Ethereum ETF applications from Trump Media & Technology Group's social platform, Truth Social.

According to documents submitted on Monday, the SEC has extended the approval deadline for the Truth Social ETF to October 8, which is a standard procedure for the agency as it evaluates dozens of cryptocurrency ETF proposals.

Also postponed on the same day were the CoinShares Litecoin ETF, CoinShares Ripple ETF, and 21Shares Ripple ETF, with decision deadlines extended to late October. The SEC stated in the documents: "The Commission believes it is necessary to extend the review period to adequately assess the proposal and related issues."