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Is it still possible to constrain Donald Trump’s activities within the United States? Even official organizations seem hesitant. The Securities and Exchange Commission (SEC), a key regulatory body for Wall Street, is delaying its decision regarding a Bitcoin ETF. Is this a coincidence, or does it indicate an unusual level of economic influence? Despite potentially risky financial ventures and concerns regarding conflicts of interest, any undertaking linked to the Trump brand appears to move forward unimpeded.
Trump, Bitcoin, and How the Rules Might Be Changing
In early June, Truth Social formally requested permission to introduce a Bitcoin ETF via the NYSE Arca exchange. This is generally a routine procedure. However, the situation changes considerably when the fund’s sponsor is a former president with ongoing business interests. On July 28th, the SEC announced a postponement of the decision-making process, with a new deadline of September 18th.
According to the Commission’s statement:
Extending the review period allows for a thorough examination of the potential effects and related issues presented by the proposed change.
This action has caused significant concern. Several Democratic senators, including Elizabeth Warren, have expressed unease. Jeff Merkley stated, “Allowing Trump to establish a Bitcoin ETF creates opportunities for the abuse of power. He could potentially influence regulations and subsequently profit from them.”
The SEC’s delay raises a core question: Can the agency genuinely assess this project fairly, free from political influence?
Regulation Taking Time, Ambitions Moving Quickly
The SEC typically prefers a deliberate pace. It generally uses the entire 270-day window allowed to evaluate an ETF application. However, the presence of Paul Atkins, a former associate of Trump, at the SEC has shifted the environment. While Atkins officially seeks clarification on staking and redemption procedures, numerous analysts speculate that approval is being quietly prepared.
The year 2025 is proving busy. The SEC is also delaying decisions on applications from Grayscale (Solana) and Canary (Litecoin). Despite this, since the approval of Bitcoin ETFs began in January 2024, the regulatory body has authorized 12 funds, attracting $54.8 billion in investments.
Meanwhile, Trump is forging ahead. Truth Social has also submitted proposals for two additional investment products: the Truth Social Crypto ETF Blue Chip and a combined Bitcoin-Ethereum fund.
Commissioner Hester Peirce, often referred to as “Crypto Mom,” urges patience:
We are currently addressing numerous complex issues simultaneously. Each cryptocurrency-related filing requires careful and specific consideration.
While regulatory decisions are pending, the former president is developing his cryptocurrency interests through tokens, supportive legislation, and the submission of multiple filings.
Truth Social, the ETF, and the Changing Landscape of Bitcoin
This proposed Bitcoin ETF linked to Trump arrives amidst a very focused economic strategy. By connecting a social media platform with a speculative investment fund, Truth Social is converting its political profile into financial influence. And the statistics confirm this.
Key Numbers to Consider:
- The Truth Social ETF filing occurred on June 3, 2025, and was published in the official record on June 20;
- The application aims for listing under the “Commodity-Based Trust Shares” rules of NYSE Arca;
- Over 50 new crypto ETF proposals are presently being reviewed by the SEC;
- Since January 2024, U.S. crypto ETFs have attracted $54.8 billion in investor capital.
What raises concerns is the convergence of roles. This marks the first instance of a crypto-related product directly associated with a former president. In particular, other ventures, such as World Liberty Financial and the $TRUMP memecoin, strengthen suspicions of personal financial gain.
Senator Warren emphasizes that this is not merely a financial product; it is a tool for political and personal advantage. This should concern all regulators.
Cryptocurrency, in this context, becomes a strategic tool within a broader economic strategy.
From the internet and crypto to derivatives, Trump has been an active participant, speculating and doubling his wealth within a year. He has used the enthusiasm for digital assets to secure significant funding and liquidity. While others debate, he is taking profit. History suggests he may be correct.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.