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Analysis: The U.S. government may shut down, approval of new crypto ETFs may be temporarily blocked "

Internet reports that if the U.S. Congress fails to pass the budget on time, the U.S. Securities and Exchange Commission (SEC) will only streamline its operations starting on Wednesday, possibly delaying the approval of new cryptocurrency exchange-traded funds (ETFs). Although the SEC approved common listing standards for spot crypto ETFs this month to speed up the process, most operations, including the department responsible for ETF approvals, will be suspended during the government shutdown. Industry insiders expect that the approval delay will only be temporary and that the approval of crypto ETFs will continue after the government returns to normal. President Trump said at the White House on Tuesday that the federal government "may" face a shutdown.

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