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Trump Coin ETF Filing: The Trump Media & Technology Group has filed for an "American-Made Crypto ETF," focusing on U.S.-originated digital assets like XRP, Solana, and Litecoin.
SEC's Stance on Crypto: Under the Trump administration, the SEC is perceived as more favorable towards crypto products, with decisions on pending ETFs expected by October, although some may not be approved until 2026.
ETF Approval Process Controversy: Firms are urging the SEC to reinstate its "first-to-file" rule to enhance competition in the crypto ETF market, which has faced delays due to the current approval process.
Concerns Over Crypto.com Partnership: The Trump Media Group's deal with Crypto.com has come under scrutiny for alleged exaggerations regarding financial figures and accusations of token supply manipulation.
