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XRP Lawsuit Nears Conclusion as SEC Braces for ‘Potential’ Shutdown
The Securities and Exchange Commission (SEC) is preparing to scale back operations in anticipation of a potential government shutdown. The move comes at a critical time, with the ongoing XRP lawsuit nearing its conclusion.
As federal funding remains uncertain, the agency has announced plans to prioritize essential functions, focusing on market integrity and investor protection. While non-essential activities will be put on hold, critical systems such as EDGAR database will continue to operate during a shutdown.
However, this development may have significant implications for businesses seeking SEC approval or guidance. Filing reviews, approvals, and exemptions are expected to face delays, potentially disrupting the financial landscape.
Source: cryptonewsland.com
