[U.S. SEC Suspends Crypto Treasury Investigation Due to Government Shutdown, Subpoenas May Be Issued After Resumption] The U.S. government shutdown has entered its second month, and the SEC's investigation into potential insider trading related to the crypto asset treasury strategies (DAT) adopted by publicly listed companies has been temporarily halted. A former SEC attorney stated that the investigation is almost certain to resume once the government reopens. If the preliminary investigation escalates into a formal one, the SEC may issue subpoenas within one to two months. Legal experts believe that although the Trump administration is relatively friendly toward the crypto industry, the SEC's efforts to clarify potential violations will help improve the regulatory framework for the digital asset market.