U.S. Shutdown Halts 16 Crypto ETF Decisions as SEC Staff Deprived of Operations

The ongoing U.S. government shutdown is causing a major halt in the crypto industry, specifically impacting the approval process for 16 pending exchange-traded fund (ETF) applications. The Securities and Exchange Commission (SEC), facing limited staff due to budget negotiations, has been unable to move forward with decisions, leaving investors and applicants in limbo. Analysts believe that once the shutdown ends, a wave of approvals could follow.