Crypto Vs Government Shutdown Approaches Crypto Markets in DANGER!

There are a growing number of reports suggesting that the United States government could shut down on October 1 if a temporary funding bill is not passed before the start of the next fiscal year. The operations of the U.S SEC are likely to be hampered by the U.S. government’s decision if a shutdown becomes the only possible option at this time. Speaking to Bloomberg on Wednesday, SEC Chair Gary Gensler noted that should the shutdown happen, his agency will be reduced to a “skeletal” staff, hence the SEC may not have the appropriate oversight on the market as it used to.

There are a growing number of reports suggesting that the United States government could shut down on October 1 if a temporary funding bill is not passed before the start of the next fiscal year. The operations of the U.S SEC are likely to be hampered by the U.S. government’s decision if a shutdown becomes the only possible option at this time. Speaking to Bloomberg on Wednesday, SEC Chair Gary Gensler noted that should the shutdown happen, his agency will be reduced to a “skeletal” staff, hence the SEC may not have the appropriate oversight on the market as it used to.