律动BlockBeats
律动BlockBeats|Oct 09, 2025 16:13
[Cryptocurrency Hearing Expected to Continue During Partial Government Shutdown] BlockBeats reports that on October 10, the U.S. government shutdown has entered its ninth day. Due to budget constraints, the cryptocurrency policy agenda remains uncertain, but insiders in Washington insist that the momentum for policy advancement has not been entirely lost. Despite the House of Representatives being adjourned due to the shutdown, the Senate appears to remain in session regarding budget and cryptocurrency matters. Two informed sources stated that the Senate Banking Committee is still committed to advancing cryptocurrency market structure policies, even if it means holding review hearings during the government shutdown. They added that regardless of whether the budget is passed, the committee leadership hopes to conduct a markup review of the Responsible Financial Innovation Act by the end of this month. Before the shutdown, one insider revealed that the draft was "nearly complete," but with reduced federal agency staff, it is expected to take more time to move forward. According to informed sources, agency staff collaborating with congressional committees to formulate policies, such as cryptocurrency market structure policies, have mostly been temporarily furloughed during the shutdown, reducing the likelihood of the draft being released soon. Due to limited federal agency personnel, new spot cryptocurrency ETFs are not expected to be approved before the shutdown ends. According to the SEC's shutdown contingency plan, the agency will not review or approve registration statements, nor issue notices of effectiveness. Given the SEC's new universal listing standards and the significant efforts made by issuers and agency staff before the shutdown, two issuers expressed confidence that new products will be swiftly approved once federal agencies resume operations.
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