The SEC's and CFTC's operations, including regulation and oversight of digital assets, are expected to return to normal after more than a month of no government funding.
According to the agencies’ operations plans, staff are expected to return to work the day after the “enactment of appropriations legislation,” which occurred late on Wednesday.Employees who were furloughed during the US government shutdown are expected to return to work at the Securities and Exchange Commission and Commodity Futures Trading Commission after 43 days away.
According to the operations plans with the SEC and CFTC, staff are expected to return on Thursday, following US President Donald Trump’sThe two agencies’ respective plans require employees to come in on the “next regularly scheduled workday following enactment of appropriations legislation,” which acting CFTC chair Caroline Pham appeared to confirm in a Thursday X post.With the reopening of the government, however, the SEC and CFTC may need some time to catch up on activities, such as reviewing registration applications submitted in the previous 43 days. Some companies“I’m sure some took the position that they could just submit knowing it’s not going to be looked at until they get back, but at least they’re in the queue,” Jay Dubow, a partner at law firm Troutman Pepper Locke, told Cointelegraph.“Every time you go through something like this, there’s the risk of things just slipping through the cracks in various ways.”SEC Chair Paul Atkins on Oct. 7, less than a week into the lapse in appropriations. “There are restrictions on what we can and can’t do, especially for staff I can still come and do things like this .”planned to consider “establishing a token taxonomy” in the coming months, “anchored” in the Howey test to recognize that “investment contracts can come to an end.” Pham, similarly, said the CFTC had beenbefore the Senate Agriculture Committee on Wednesday as part of Trump’s push to have him confirmed as the next CFTC chair. Though the hearing could likely have moved forward amid the shutdown, Selig’s authority with the agency, had he been confirmed, would have been severely limited. Pham is expected to leave her position as acting chair should the Senate confirm Selig. However, even if he were to be installed quickly, the CFTC would still face a dearth of leadership, with only one Senate-confirmed commissioner out of the usual five.Why crypto’s infrastructure hasn’t caught up with its ideals
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Razorback Report: Arkansas freshman wins SEC honor in first weekYour daily briefing on what's going on with Arkansas Razorbacks' athletics
Read more »
Texas Longhorns 'Tremendous' Defense Has Kirby Smart's AttentionGeorgia Head Coach Kirby Smart Prepares for Texas Defense in SEC Matchup this Saturday
Read more »
Trump Nominee Mike Selig Set for CFTC Confirmation Hearing as Crypto Bill AdvancesTrump’s CFTC pick will face senators just as crypto legislation starts moving through Congress again.
Read more »
U.S. SEC Chief Atkins Says Clarity Coming on Crypto Tied to Investment ContractsIn the realm of the so-called Howey Test to define investment contracts under SEC jurisdiction, Atkins says there should be a clearer path for crypto involvement.
Read more »
SEC chair pledges no ‘lax enforcement’ on crypto under market structureSEC Chair Paul Atkins clarified how the agency would regulate crypto tied to investment contracts and handle enforcement under a potential market structure bill.
Read more »
Exclusive — Trump Labor Sec. Lori Chavez-DeRemer ‘Deploying Every Tool’ to End H-1B Visa AbuseSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »