US Government Shutdown Halts Crypto ETF Approvals, Triggering Uncertainty

The ongoing US government shutdown is causing significant ripples in the cryptocurrency market. The Securities and Exchange Commission (SEC), impacted by the shutdown, has suspended its regulatory activities, leading to delays in approving key crypto exchange-traded fund (ETF) applications. This pause in approvals is impacting major financial products, particularly for Ethereum, Bitcoin, Solana, and Litecoin, which are awaiting ETF registration.