SEC Delays Trump’s Bitcoin Dream: Grab the Popcorn 🍿

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So, our lovely regulators decided to hit pause on Trump’s shiny new crypto baby. Originally, they promised a quick peek by August 24. Instead, they’ve shoved it to… wait for it… October 8, 2025. Yep, two years and counting. Maybe they’re just making sure it’s not some kind of elaborate prank, or perhaps they’re just enjoying the art of the long wait.

By that lovely date, the SEC has to make a choice – approve, reject, or get lost in further paperwork. They claimed they need more time to “thoroughly evaluate” what looks like a pretty straightforward ETF. Because nothing says efficiency like a bureaucratic marathon.

Trump’s Crypto Gamble: The Big Shot Proposal

Filed back in June by Trump’s very own Truth Social, this ETF would toss 75% of its chips into Bitcoin and 25% into Ethereum. A real crypto cocktail, minus the umbrella drinks. Oh, and there’s more – they’ve also floated a standalone Bitcoin ETF and a “Blue Chip Crypto ETF,” which is basically a spicy salad of BTC, ETH, SOL, XRP, and CRO. Healthy, right?

Other Kids at the Pool: The Already-Approved Funds

Turns out, truth be told, this isn’t the first rodeo. Hashdex and Franklin Templeton already got the thumbs-up for similar Bitcoin/Ethereum combos. But hey, when Trump’s involved, everything gets a little more newsworthy – and (probably) a lot more political drama.

For now, it’s all on ice until October. Will the SEC give the green light or just yawn and move on? Stay tuned, folks. It’s more suspenseful than the latest episode of reality TV.

Just a heads-up: This is just for giggles, not financial advice. Don’t blame me when your crypto dreams turn into memes. Always do your homework, and maybe consult someone with a fancy license before diving in.

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2025-08-19 00:21