Government shutdown could delay new crypto ETF approval
With Democrats and Republicans still at odds over how to fund the federal government and only hours to go before a shutdown, it’s looking like new cryptocurrency exchange-traded funds will face an additional hurdle.
The US Securities and Exchange Commission approved generic listing standards for spot crypto ETFs earlier this month, establishing set guidelines to replace the case-by-case approval process previously used with bitcoin and ETH ETFs.
The standards mean things can move much faster, but if Congress cannot pass a budget before midnight on Tuesday, a significant portion of the SEC — including the division responsible for approving new ETF listings — is set to pause most operations.
“Things won’t be…
