SEC Dithers on Trump’s Bitcoin ETF: Chaos, Drama & Crypto Falls

Key Takeaway

Well, the SEC’s playing hard to get with Trump’s Bitcoin ETF—delaying like a bad date and causing more drama than a reality TV finale. Meanwhile, crypto fans are still hopeful, because apparently, hope is the last thing to die in this circus. 🎢🤡

The SEC’s RSVP list for crypto ETFs? Still waiting. The latest in their prolonged “almost approved” saga is Trump’s shiny new Bitcoin ETF, originally slated for a quick “yay” or “nay” but now pushed back to September 18th. Because who doesn’t love a good cliffhanger? 📅

Truth Social Bitcoin ETF delayed—again. Yawn.

Instead of a verdict, we get a smoky room and a “we need more info” excuse, as if crypto finance is some top-secret spy mission. The ETF was meant to strut onto NYSE Arca, basking in SEC’s approval glow, but now it’s stuck in what feels like a never-ending green light yellow light game. 🚦

This rollercoaster? It’s sent ripples through Trump’s crypto empire, making the official Trump [TRUMP] stock dip a lovely 6%. Because, of course, who wouldn’t want a piece of that chaos? Falling at $9.65—adorable and tragic. 🎢💸

If they finally say yes, what then?

If approval actually happens—brace yourself—this could be the first time a sitting U.S. president’s interests get cozy with cryptocurrency. Talk about mixing politics and digital cash in a weird, dystopian cocktail party. 🍸🤖

Democrats are already eyeing Trump with suspicion, warning that passing this could be like opening Pandora’s box—and grandma’s attic—filled with potential conflicts of interest and future presidents profiteering from regulation. Because who doesn’t want a side hustle while in office? 🔥

Melodrama aside, it raises the classic questions: Is this fair? Transparent? Or just plain shady? And if demand for Trump-branded crypto assets spikes, who benefits? Hint: Probably Trump. Looks like “Make America Rich Again” might finally become official. 💼💰

Other ETFs—just more waiting

Meanwhile, the SEC’s delaying tactics extend beyond Trump’s crypto soap opera, stalling Bitwise and Grayscale’s ETFs, keeping everyone on the edge of their seats. Not exactly confidence-inspiring, but hey, the market’s resilient—or just stubborn.

Despite the delays, whales and institutional players are still throwing money at Bitcoin ETFs—$157.1 million worth, to be exact. Apparently, hope still springs eternal, even when the official rules say “not yet.” 🌊

Market cap dipped a smidge, but all eyes are glued to the next SEC move. Because what’s a rollercoaster without a few more loops? 🎢

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2025-07-30 12:11