As the US government shutdown extends into its second week, the SEC and CFTC are operating with limited capacity, affecting crypto ETF reviews and regulatory functions.
The US government shutdown, now in its second week, has severely impacted the operations of key regulatory agencies, including the SEC and CFTC. The SEC's ability to process crypto ETF applications is constrained, and the CFTC is operating with only one acting commissioner. Polymarket data suggests a 72% likelihood that the shutdown will continue beyond October 15, potentially becoming the longest in US history.