US Government Shutdown Delays Crypto ETF Approvals

[madmax]

The US government has entered its third week of shutdown, leaving at least 16 crypto ETF applications in limbo. The SEC, running with minimal staff, hasn’t acted on approvals, while another 21 applications were filed in early October. Investors await the end of the stalemate, which is delaying a potential surge in crypto investment products.

[Nahid10]

Regulatory pauses during the shutdown could delay institutional progress in the crypto space.

[EmTeam]

The shutdown shows how dependent market innovation still is on political stability.