%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment - SEC halts crypto ETF reviews as U.S. government shutdown stalls agency operations - Pending deadlines for Litecoin, Solana, and XRP ETFs suspended until funding resumes The U.S. Securities and Exchange Commission (SEC) has paused its review of pending %Cryptocurrency exchange-traded fund (ETF) applications as the federal government enters a shutdown. The regulator confirmed that it will not accelerate or approve registration statements or rule changes until funding legislation is passed by Congress, leaving the timeline for new crypto investment products uncertain. In a statement outlining its rescue plan, the SEC said its review of new financial product applications would be suspended. This includes the S-1 registration statements for spot crypto ETFs that require clearance before launch. The suspension also applies to rule change filings under the 19b-4 process, which issuers must complete to list these products. The agency described the move as part of streamlined operations that will continue only essential functions until funding is restored. This development came after the Senate failed to approve a stopgap bill, triggering a government shutdown that began today. Pending Deadlines for ETF Applications Several crypto ETF proposals were approaching deadlines in early October. According to filings, the final decision for Litecoin ETFs (CRYPTO: $LTC ) under the 19b-4 standard was expected this week. Solana ETF (CRYPTO: $SOL ) deadlines were set for next week, followed closely by deadlines for XRP ETF (CRYPTO: $XRP ) applications. Those timelines are now suspended until normal agency operations resume. Bloomberg analyst James Seyffart had previously cautioned that a shutdown could complicate the SEC's approval process. He noted that issuers were already asked to withdraw their 19b-4 filings earlier this year, and approvals would instead rely on updated listing standards managed by the Division of Corporation Finance. Market Reaction and Expert Commentary Market experts have highlighted the potential impact on investor expectations. Nate Geraci, president of ETF Store, stated in an X post that a prolonged halt could delay the highly anticipated launch of spot crypto ETFs, remarking that "ETF Cryptober might be on hold for a bit." https://x.com/NateGeraci/status/1973427207466004633 Polymarket prediction data currently shows a 70% probability that the shutdown will extend for ten days or more. If accurate, this would significantly push back the timeline for the SEC to resume reviews. During Wednesday's press briefing, White House Press Secretary Karoline Leavitt emphasized that the administration is working toward ending the shutdown quickly. Vice President JD Vance also commented that he does not expect the shutdown to continue for an extended period. Until then, the progress of pending crypto ETFs remains stalled, leaving issuers and investors waiting for clarity.