The U.S. Securities and Exchange Commission (SEC) recently announced an extension of the review period for several applications for crypto assets exchange-traded funds (ETFs). This delay involves several highly followed projects, including the Bitcoin and Ethereum ETFs applied for by Truth Social, a social platform under Trump.

The SEC stated in its latest filing that the approval deadline for the Truth Social ETF has been postponed to October 8. This decision is a standard procedure in the SEC's evaluation of numerous encryption cryptocurrency ETF proposals.

In addition to the application for Truth Social, several other well-known projects are also affected. The review deadlines for CoinShares' Litecoin and Ripple ETF, as well as 21Shares' Ripple ETF, have been extended to late October.

The SEC explained the reasons for the delay in the document, stating that 'the Commission believes it is necessary to extend the review period to fully assess the contents of the proposal and related issues.' This move reflects the regulatory agency's cautious attitude towards Crypto Assets-related financial products, while also demonstrating their intention to conduct a comprehensive and in-depth analysis before making a final decision.

The recent delay in the large-scale review has drawn widespread attention from the market. Analysts believe that the SEC's cautious attitude reflects a focus on investor protection on one hand, but it may also suggest that the path for Crypto Assets ETFs to launch in the U.S. market is still fraught with challenges.

As the Crypto Assets industry continues to develop, regulatory agencies face the challenge of balancing innovation with risk control. The SEC's decision will undoubtedly have a profound impact on the Crypto Assets market, and market participants are closely following the further developments.