SEC Delay Trump-Supported Bitcoin ETF and Solana Trust
The US Securities and Exchange Commission don delay their decision on di Trump-backed Truth Social Bitcoin ETF to September 18, push Grayscale’s Solana Trust approval go October 10 and extend di proposed Litecoin ETF review to later October. Di extension dem give di SEC more time to do detailed compliance checks, assess market impact and handle ongoing litigation. Commissioner Hester Peirce warn say ETF approvals fit slow down because regulatory uncertainty. If dem approve am, di Truth Social Bitcoin ETF go be di first crypto exchange-traded fund wey connect to sitting US president, wey cause ethical concern from Senators Elizabeth Warren and Jeff Merkley. Meanwhile, former President Trump don sign di GENIUS Act to regulate stablecoins and direct Fannie Mae and Freddie Mac to accept unconverted crypto as mortgage collateral. Traders suppose watch how these ETF delays fit affect market sentiment, potential inflows, and trading volumes as di SEC dey balance innovation with investor protection.
Bearish
For short time, di delay wey dey for ETF one fit make market feeling dey low and e go reduce how people fit put money for Bitcoin, wey go make trading volume decrease. The long time SEC dey check am show say dem dey cautious for regulation, and e fit make price remain inside small range. For long time, if dem do better approval process e fit make investors trust beta and e go clear road make ETF money flow steady once decision dem don finalize. Based on past experience, SEC delay dey cause small drop for price, but after dem approve, e dey usually trigger price rally wey dey go up.