Crypto Momentum Slows Amid U. Shutdown Fears. Shutdown Potential: U.
28 Sep 2023, 08:08
🚫 Crypto Momentum Slows Amid U.S. Shutdown Fears 🇺🇸
🏛 Shutdown Potential: U.S. government shutdown on the horizon due to congressional budget deadlock. #CryptoNews #RichQUACK $QUACK
📈 Implications for Crypto: Regulatory clarity, especially from the SEC, might face delays. Key issues like crypto ETFs and pivotal court decisions hang in the balance.
🧑💼 SEC Operations During Shutdown: Gary Gensler (SEC Chair) states minimal staff would be on duty. Concerns arise for crucial deadlines and decisions.
🌥 Bright Spot for Crypto Companies: Expected halt in SEC's enforcement actions gives short-term relief to certain crypto firms.
💰 Crypto Price Movements: Bitcoin might see a price increase if the shutdown begins on October 1, 2023. Analysts suggest a potential surge, similar to the one witnessed during the U.S. regional banking crisis earlier in 2023.
📜 Legislation Impact: Key crypto-centric bills, such as the FIT and the Blockchain Regulatory Certainty Act, face delays despite bipartisan support.
🗓 Key Date: Lawmakers have until September 30 to finalize spending bills. If unresolved, a shutdown will commence, affecting operations across federal agencies, including crypto-relevant functions.
Same news in other sources
1
28 Sep 2023, 08:21
PLANET IX CEO Karl Blomsterwall speaking at EDGE Summit 2023.
PLANET IX CEO Karl Blomsterwall speaking at EDGE Summit 2023.
PLANET IX CEO Karl Blomsterwall speaking at EDGE Summit 2023.
https://twitter.com/Planetix0/status/1707308029744451965?t=dTuCqH6Gl9ryFQPSDu--Mw&s=19