SEC Delays Decision on Truth Social and Grayscale Crypto ETFs

TheCryptoTimesPubblicato 2025-07-03Pubblicato ultima volta 2025-07-28

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on two high-profile cryptocurrency exchange-traded fund (ETF) applications, one from Truth Social for a Bitcoin ETF and another from Grayscale for a Solana ETF.

According to the official release, the SEC needs more time to study the proposals. The Truth Social Bitcoin ETF application, submitted in June 2025 by Trump Media & Technology Group. The SEC now has until September 18 to approve or reject it. Grayscale’s Solana ETF decision has also been pushed back, with a new deadline set for October 10.

In an official filing, the SEC explained, “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.” That simply means the SEC wants extra time to look at everything carefully before making a final call.

Moreover, the Truth Social ETF filing is one of several attempts by the media company, affiliated with President Donald Trump, to enter the digital asset space. The firm has also filed for a “Crypto Blue Chip ETF” and a combined Bitcoin and Ethereum fund. 

This is the third time the SEC will push back on the Grayscale Solana ETF after earlier extensions in March and May. Grayscale originally filed to list the Solana ETF through NYSE Arca, and the filing was published in the Federal Register on February 12. 

According to SEC records, the Commission can delay decisions up to 270 days under standard review procedures. In a recent tweet in April, Bloomberg ETF analyst Eric Balchunas noted that the SEC currently has 72 crypto ETF filings under review.

In June, Solana ETF applicants were requested to amend filings to clarify terms related to staking and in-kind redemptions. As part of the review process, the SEC is taking a close look at how these funds intend to deal with staking rewards and redemption processes.

Earlier this year, the SEC gave a green light to the Rex-Osprey Solana Staking ETF under the Investment Company Act of 1940, to provide investors the ability to get exposure to Solana and receive staking rewards.

Yet despite the delays, demand for crypto ETFs has picked up, with BlackRock’s Bitcoin ETF approaching $100 billion in assets under management.

Also Read: $379M Liquidated in Crypto Market in 24H, Over 120K Traders Affected

Letture associate

Unitree's IPO Frenzy: The Real Mystery is How It Will Spend the 42 Billion Raised

Unitree, a Chinese robotics company, is set for a public listing after its IPO registration was approved by regulators. The company, which started with quadruped robots and has expanded into humanoids, plans to raise approximately 4.2 billion yuan through its offering. The article traces Unitree's rapid growth from its founding in 2016 to its current status. It highlights key milestones like the 2021 CCTV Spring Festival Gala performance, the 2023 launch of its affordable Go2 robot dog and the H1 humanoid robot, and a series of subsequent product launches. By 2025, the company reported revenue of 1.71 billion yuan, profitability, and sales exceeding 5,500 humanoid robots. As the first publicly-listed humanoid robot company on China's STAR Market, Unitree's main challenges are sustaining growth and deploying its newly raised capital effectively. The humanoid robot sector in China is crowded, with over 140 companies. Competitors include UBTech (focusing on industrial and consumer markets), Fourier, and international players like Tesla Optimus and 1X NEO. The article outlines three critical challenges for Unitree: establishing a strong second product line beyond its quadruped robots, maintaining its price advantage while ensuring quality, and successfully advancing its embodied AI capabilities through partnerships like the one with NVIDIA for the H2 Plus platform. Unitree's likely strategy involves a "developer tools + industry benchmarks" approach: using low-cost models like the R1 and G1 to build developer adoption and volume, leveraging high-end platforms for AI training, and securing pilot projects in sectors like logistics and manufacturing to build case studies. The company's future success hinges on converting its current momentum in shipments and pilot programs into sustainable, large-scale commercial contracts as the broader market evolves.

marsbit5 min fa

Unitree's IPO Frenzy: The Real Mystery is How It Will Spend the 42 Billion Raised

marsbit5 min fa

Examining the Open USD Partner Lineup: Follow Who's Joining to See Where the Money Flows

**Title: Deciphering the Open USD Partner Roster: Following the Money** The launch of Open USD is notable less for the stablecoin itself and more for its expansive list of over 140 founding partners, which reads like a "who's who" of global finance and tech. This coalition, including asset managers like BlackRock, card networks Visa and Mastercard, banks (BNY Mellon, Standard Chartered, etc.), tech giants (Google, IBM), merchants (Shopify), and crypto firms (Coinbase, Ripple, Aave, MetaMask), signals a strategic shift. The diverse membership reveals that stablecoins are increasingly viewed not as products to compete over, but as shared infrastructure too critical to be left to any single entity. Each partner category has distinct motives. Asset managers like BlackRock seek to manage the large, sticky cash reserves, a lucrative fee-generating opportunity. Merchants like Shopify aim for lower-cost settlement and potential yield on balances. Banks join defensively to retain custody and settlement roles, fearing deposit outflows to stablecoins. Tech companies bet on programmable money for future machine-to-machine commerce. Crypto firms gain mainstream legitimacy and distribution channels. Remarkably, the consortium includes direct competitors (Visa vs. Mastercard, Coinbase vs. Ripple), indicating that the fear of exclusion from this emerging financial layer outweighs competitive rivalries. However, this shared governance could also lead to slow decision-making. The roster's composition is the real message: it represents a collective bet that a widely accepted, consortium-owned stablecoin is preferable to proprietary versions or having none at all. For incumbents like Circle and Tether, this alliance poses a significant threat, as potential clients have collectively chosen to build their own alternative. The absence of major U.S. retail banks (busy with their own tokenized deposit networks) is equally telling. In essence, the partner list maps where the industry believes value and risk will flow in a tokenized dollar future, marking stablecoin's evolution from a product to a utility.

Foresight News27 min fa

Examining the Open USD Partner Lineup: Follow Who's Joining to See Where the Money Flows

Foresight News27 min fa

Solana activity hits 1 billion milestone – Is a SOL price surge next?

Solana achieved a milestone of 1 billion non-vote transactions in a week, demonstrating its high throughput and scalability. This performance is attributed to the Alpenglow upgrade, which reduced finality times significantly. Solana currently processes transactions much faster than Ethereum. However, the article notes that market efficiency and tokenomics are the next key challenges. While network fundamentals are strong, SOL's higher inflation rate compared to other major Layer 1s and the need for a more developed market layer to improve capital efficiency could impact its long-term valuation. The core question remains whether SOL's price will reflect these underlying technical strengths.

ambcrypto35 min fa

Solana activity hits 1 billion milestone – Is a SOL price surge next?

ambcrypto35 min fa

IOSG: Q-Day Countdown, Will Quantum Computing End Cryptocurrency?

IOSG: The Q-Day Countdown – Will Quantum Computing End Cryptocurrency? This analysis explores the looming threat quantum computing poses to blockchain technology. Quantum computers, leveraging Shor's algorithm, could theoretically break the elliptic curve cryptography (ECC) underpinning cryptocurrencies like Bitcoin and Ethereum. The article outlines a hypothetical "Q-Day" scenario where exposed public keys from dormant assets are compromised, leading to fund theft and a deep governance crisis. The core risk is not the complete erasure of blockchains but a systemic reset of public-key cryptography. Bitcoin faces significant challenges due to its "code-is-law" ethos and the immense social consensus required for migration. Its primary vulnerability lies in legacy UTXOs with publicly exposed keys. Ethereum's path involves a more complex, full-stack cryptographic agility upgrade across execution, consensus, and data layers. The industry has a limited "engineering comfort window" of 5-8 years to coordinate a migration to post-quantum cryptography (PQC), such as lattice-based or hash-based signatures. While the existential threat is often overstated, the real bottleneck is the immense coordination required across protocol developers, node operators, wallet providers, exchanges, and custodians. Market repricing of crypto assets may occur well before an actual Q-Day if quantum hardware roadmaps accelerate or regulatory pressure mounts. The article concludes that quantum computing is not a doomsday weapon but a severe stress test for blockchain's foundational security model and governance structures.

marsbit57 min fa

IOSG: Q-Day Countdown, Will Quantum Computing End Cryptocurrency?

marsbit57 min fa

Trump Proclaims Himself a 'Super Fan of Cryptocurrency,' Bitcoin May Be Included in 'Trump Account'?

Former President Donald Trump, declaring himself a "big fan of cryptocurrency," has signaled the potential inclusion of Bitcoin in the newly launched "Trump Account" savings program. Speaking at the plan's White House launch event, Trump explained his pro-crypto stance is driven by a desire for U.S. dominance in the digital asset space, stating, "if we don't take it, China will." He acknowledged an initial lack of understanding but was swayed by strong public interest and significant capital flowing into Bitcoin. The "Trump Account," established under the 2025 GREAT Act, is a tax-advantaged account for children, with the government providing an initial $1,000 deposit. Funds are locked until the child turns 18. While Trump offered no specific timeline for adding Bitcoin, his remarks align with his administration's crypto-friendly policies. These include a 2025 executive order creating a U.S. strategic Bitcoin reserve, the passage of the GENIUS Act to regulate payment stablecoins, and a relaxed enforcement posture toward the industry. This latest endorsement reinforces the administration's commitment to positioning the U.S. as a leader in the global cryptocurrency competition.

Foresight News1 h fa

Trump Proclaims Himself a 'Super Fan of Cryptocurrency,' Bitcoin May Be Included in 'Trump Account'?

Foresight News1 h fa

Trading

Spot
活动图片