As lawmakers near deal to end government shutdown, here’s what that means for crypto when agencies reopen
A potential end to the government shutdown will allow the SEC and CFTC to resume full operations and advance stalled crypto legislation and regulatory plans.Summary
Lawmakers are nearing a deal to end the 41-day government shutdown, which, if successful, will allow key federal agencies like the SEC and CFTC to resume normal operations. This resumption is critical as these agencies have been limited to emergency matters, halting progress on regulatory work, such as the SEC's planned "innovation exemption" and the CFTC's push for regulated spot crypto trading. Experts note that restarting paused projects will be complicated, but the existing cooperation between the SEC and CFTC might ease the transition. Furthermore, the shutdown delayed legislative efforts on crypto regulation on Capitol Hill, where the Senate is working on its own draft bills to define jurisdiction and clarify asset classifications. Once agencies reopen, the SEC may issue exemptive relief, and the CFTC is expected to move forward with its end-of-year goals, including potentially launching leveraged spot crypto trading on regulated exchanges.
(Source：The Block)