Trump-Linked Truth Social Bitcoin ETF Faces SEC Delay Amid Political Crypto Surge

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the highly anticipated Truth Social Bitcoin ETF until September 18, 2025.

This proposed exchange-traded fund, spearheaded by Trump Media & Technology Group—parent company of the Truth Social platform, was initially up for review by August 4. The extension comes as part of a broader regulatory trend where crypto-based ETFs face ongoing scrutiny.

The Truth Social ETF stands out not only for its potential to offer Bitcoin exposure through a traditional investment product, but also for its political overtones. President Donald Trump, who is closely tied to the fund through his media brand, has been vocal in his pro-crypto stance, creating ripples in both financial and political circles.

Political Tensions and Regulatory Caution

This delay is one of many, as the SEC has also extended review timelines for other major crypto ETFs, including Grayscale’s Solana Trust and Canary Capital’s Litecoin ETF. These decisions underscore the agency’s cautious posture as it balances the growing demand for digital asset products with investor protection.

While the SEC has not explicitly raised objections to the Truth Social ETF, political controversy continues to surround it. Democratic senators Elizabeth Warren and Jeff Merkley have voiced concerns about a potential conflict of interest, warning that a Trump-linked crypto fund could open doors for foreign influence or misuse of regulatory power.

Adding fuel to the fire, Trump has recently signed the GENIUS Act, the country’s first stablecoin-focused federal legislation, and appointed crypto-friendly leadership within financial agencies. Critics argue that these moves, while seemingly pro-innovation, might serve to reinforce Trump’s financial interests in the digital asset sector.

What the Delay Means for the Crypto Market

Though frustrating for investors, this delay provides startups and fintech players with new windows of opportunity. The extended regulatory timeline allows firms to explore alternative products like futures-based ETFs or multi-asset crypto funds, which may receive faster approvals.

Ultimately, the fate of the Truth Social Bitcoin ETF could set a precedent for how politically linked crypto ventures are handled in the future. As crypto continues to collide with U.S. politics, the line between financial innovation and regulatory accountability becomes increasingly blurred.