Core Insights - Anticipation was high among crypto investors for the approval of exchange-traded funds (ETFs) investing in Solana, a lesser-known cryptocurrency, but a partial U.S. government shutdown has created uncertainty in the approval process [1][2][3] Group 1: ETF Applications and Approval Process - The SEC faced a deadline to decide on ETF applications for Solana filed by major firms like Fidelity, Franklin Templeton, and Invesco [2] - Approval of these ETFs would signify a significant step towards the mainstream acceptance of digital assets [2][3] - The partial government shutdown, which began on October 1, has halted the SEC's review and approval of ETF applications, leading to delays [3][4][5] Group 2: Impact of Government Shutdown - The SEC is operating under a plan that limits its functions during the shutdown, focusing only on essential operations [4] - The agency will not review applications for new financial products, including crypto ETFs, during this period [5] - Uncertainty remains regarding the timeline for ETF approvals once the government reopens, although some experts believe approvals could still occur within the year [6]

WASHINGTON (Reuters) -U.S. market regulators began the process of furloughing workers on Wednesday as the federal government shut down after Congress failed to extend funding, curtailing key oversight functions, stymieing initial public offerings, and limiting some market and economic data. The shutdown, which began at midnight, will force the Securities and Exchange Commission to furlough more than 90% of its workforce, retaining only about 393 employees to handle emergency enforcement actions and market ...

Gemini Space Station is blasting off. The US crypto exchange led by brothers Cameron and Tyler Winklevoss priced its long-awaited initial public offering on Thursday at $28 a share, above the marketed range of $24 to $26. The sale raised $425 million and valued the company at over $3 billion, Reuters reported. Gemini will begin to trade on the Nasdaq, a New York City stock exchange, on Friday under the ticker GEMI. The listing drew investor demand, with bankers halting new orders after bids topped 20 ti ...

SEC chief Atkins picks pro-crypto veteran director to lead corporate finance division Securities and Exchange Commission Chairman Paul Atkins appointed James Moloney on Wednesday to head the agency’s Division of Corporation Finance, placing a pro-crypto veteran at the helm of the influential unit that reviews IPO filings and corporate disclosures. Moloney, a partner at Gibson, Dunn & Crutcher, previously worked at the SEC from 1994 to 2000, where he specialized in mergers, acquisitions, and financial rep ...

Swedbank said the Securities and Exchange Commission has closed an investigation into the Swedish lender without enforcement action https://t.co/46buKRA4Ig ...