U.S. Government Shutdown and Crypto Impasse
As the U.S. government shutdown drags into its third week, the ripple effects are palpable within the cryptocurrency sector, awakening a sense of unease among investors and stakeholders alike. The fact that vital entities like the Securities and Exchange Commission (SEC) have ground to a halt means that essential regulatory approvals are stuck in limbo, leaving as many as 16 crypto exchange-traded funds (ETFs) in a precarious state. This stagnation casts a thick fog of uncertainty over the digital asset landscape. Will the much-needed regulatory clarity finally illuminate this shadowy terrain?
The Consequences of Stalled ETF Approval Processes
With the SEC operating on a sluggish skeleton crew, the clock is ticking on crucial decisions…
