40 Days Of Deadlock: US Shutdown Risks ETF Delay Amid Soaring Demand
The US federal funding lapse has stretched on, creating new delays for regulatory decisions tied to crypto products. According to reports, the shutdown has lasted beyond 40 days in some scenarios used by market forecasters, and reduced staffing at federal agencies is slowing routine approvals. Related Reading: Crypto In Ghana: Lawmakers Race To Write Rules […]
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As Americans wait to hear if they will receive second stimulus checks, lawmakers are scrambling to avert the looming government shutdown. A spending bill, which could include some stimulus measures, must be passed before the Dec. 11 deadline to avoid the shutdown. Stimulus Payments Affected by Government Shutdown As U.S. lawmakers continue their stimulus negotiations, including providing Americans with the second round of direct payments, the government is facing a shutdown, which could be prevented if lawmakers can pass a spending bill before the Dec. 11 deadline. Congress returned to....
The U.S. government officially entered a shutdown at 12:01 a.m. ET, and markets, including crypto, immediately recalibrated in response to uncertainty. U.S. equity futures slipped, the dollar extended its losing streak, and gold punched to fresh records near $3,875/oz as investors sought safety. Related Reading: Ethereum Usage Skyrockets With Unprecedented Daily Transaction Growth Amid Market […]
The US government shutdown has significantly slowed operations across various federal agencies, including the Securities and Exchange Commission (SEC), which was expected to begin the approval process for long-awaited spot crypto ETFs. For the fourth consecutive time, spending proposals intended to reopen the government have been rejected by lawmakers from both parties, pushing the shutdown […]
The ESMA analyzed the impact of COVID-19 on financial markets, highlighting the supposed risks linked to crypto investment. The European Securities and Markets Authority, the European Union's independent financial authority, has warned about the high risk of cryptocurrency investment.In its latest “Trends, Risks and Vulnerabilities” report published Wednesday, the ESMA analyzed the impact of COVID-19 on financial markets, highlighting the increased risks linked with investment in “non-regulated crypto-assets.”The authority mentioned that crypto assets saw a massive surge in value and....
The US Securities and Exchange Commission (SEC) has delayed the approval of what many expected to become the first Bitcoin ETF to operate on a major stock market. The SolidX Bitcoin ETF, an insurance-included mainstream Bitcoin trading instrument, was planned to be approved by the SEC by September 16, 2016. Potential 240-day delay. SolidX Management LLC, the company behind the development and distribution of SolidX Bitcoin ETF, filed its Registration Statement with the SEC back on July 11, with rule changes submitted to the federal register for comment on August 2. However, the SEC’s....