CandleFocus SEC prepares for potential government shutdown amid congressional impasse
2024-12-20
Author: Content Editor
The US Securities and Exchange Commission (SEC) has put up a notice on its website indicating its preparation for a potential federal government shutdown. The SEC has stated that although routine reviews and ETF applications may be put on hold, it will still be able to take action against fraud and market manipulation. The Digital Chamber of Commerce has called on the SEC to change its approach to digital assets, hoping for a more positive stance under the new Trump administration. The Chamber has proposed specific policy priorities for the administration to address crypto issues in the first 90 days. Gary Gensler, the current SEC Chair, is expected to be succeeded by Paul Atkins in early 2025.
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