SEC and CFTC to Resume Operations After 43-Day Shutdown, Target Crypto ETF Approvals and Token Taxonomy Plan

COINOTAG News notes that after a 43-day federal shutdown, the SEC and CFTC are set to resume operations as the appropriations bill is enacted, with staff returning on the next regular business day. The disruption constrained review capacity, notably impacting cryptocurrency-related ETFs, while the CFTC halted most activities, including enforcement and rulemaking, affecting market oversight.

Upon reopening, both agencies will need time to process a backlog, including registration filings submitted during the halt. In the run-up to reopening, several crypto firms submitted IPO and ETF applications, aiming to advance market access despite the pause.

Officials have signaled strategic priorities: SEC Chair Atkins said the agency plans to establish a token taxonomy in the coming months, anchored by the Howey Test. Meanwhile, CFTC Acting Chair Pham noted ongoing work to permit leveraged spot cryptocurrency trading, with discussions potentially paving a path toward action as early as December.

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