Trump’s Truth Social withdraws bitcoin ETF application from SEC
The Block·
60-second summary
Trump's Truth Social is withdrawing its bitcoin ETF application from the SEC, citing a strategic decision to reapply under a more efficient securities framework, with advisor Yorkville America leading the effort. This move aims to streamline the process, potentially benefiting the company in the long run. The crypto market remains vigilant, awaiting further developments.
Its advisor, Yorkville America, said the withdrawal is a strategic move to reapply under a more efficient securities framework.