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SEC Preparing for Government Shutdown
As the US government approaches its first shutdown in three years, the Securities and Exchange Commission (SEC) is preparing to minimize disruptions to critical operations.
The agency will continue to perform essential functions, including investigating fraud and market manipulation. However, it may not be able to process certain filings, such as ETF applications, during a shutdown.
This uncertainty comes amidst ongoing turmoil in the cryptocurrency sector. The SEC’s handling of cryptocurrencies has been a topic of controversy, with some critics accusing the agency of being overly restrictive. With Commissioner Caroline Crenshaw likely leaving her position, the agency will face significant changes and challenges in regulating the growing digital asset market.
It remains to be seen how a potential shutdown will affect the already volatile cryptocurrency markets.
Source: u.today
