The government shutdown may hinder the issuance of exchange-traded funds - October
What a frustrating situation if the political deadlock in Washington leads to the obstruction of new approvals for cryptocurrency exchange-traded funds. 🤦
The Securities and Exchange Commission informed issuers $XRP and $SOL and $ADA and #DOGE and #LTC to withdraw their 19b-4 class securities, as the new listing standards pave the way. The procedures are ready. Wall Street is ready. Cryptocurrencies are ready.
But if the government shuts down, the Securities and Exchange Commission will be completely frozen starting tomorrow. No approvals. No movement. Just politics hindering the flow of billions.
We are at the beginning of October... and the biggest obstacle is not risk or regulation, but Washington. 👀
