U.S. Government Shutdown Delays Crypto ETFs and Regulatory Actions
The U.S. government's recent shutdown has furloughed non-essential federal employees, impacting crypto policy development:
- Market structure legislation and federal rulemaking face delays.
- Launches of new spot crypto exchange-traded funds (ETFs) are postponed.
- If resolved within two weeks, disruptions may be minimal; longer durations complicate the situation.
- The SEC could not finalize paperwork for ETFs tracking assets like Solana (SOL) and Litecoin (LTC).
- Some regulatory actions were completed before the shutdown.
Policy developments are affected, with lawmakers unable to consult furloughed regulatory agencies. Despite challenges, December remains feasible for progressing legislation, although prolonged shutdowns risk increasing partisan tensions.
No crypto-related hearings or events are scheduled this week in Congress.