US Government Plans to End Shutdown, SEC and CFTC May Accelerate Crypto Regulation and Product Progress

Jinse Finance reported that the U.S. Senate has reached a bipartisan agreement that may end the 41-day government shutdown this week, allowing the SEC and CFTC to resume normal operations. The SEC may prioritize issuing “exemptive relief” to support tokenization and crypto businesses, and will continue investigations into digital asset treasury companies. During the shutdown, crypto ETFs such as SOL, Litecoin, and HBAR, which were enabled under unified listing standards, may automatically take effect, receive supplemental inquiries, or be delayed once the SEC resumes operations. CFTC Acting Chair Caroline Pham stated that within the year, efforts will be made to promote “spot crypto trading and tokenized collateral,” and discussions are underway with regulated exchanges to launch leveraged spot trading as early as next month. The Senate Banking Committee and Agriculture Committee are respectively advancing bills to allocate SEC/CFTC authority and define “ancillary assets,” which will ultimately need to be reconciled into a single version for the President’s signature.