The U.S. Securities and Exchange Commission (SEC) is preparing for a potential government shutdown, focusing on essential functions like market integrity and investor protection. While the internal filing system will remain operational, non-essential operations will be paused. Congress's delay in voting on a funding bill suggests another shutdown is likely, affecting government workers and services. The SEC's routine reviews and ETF applications may cease, but it can still prosecute fraud and market manipulation cases. Anti-crypto SEC Commissioner Caroline Crenshaw is expected to leave the agency, leaving three Republican commissioners, while two Democratic commissioners will need to be appointed for bipartisan representation.



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