SEC Expedites Review of Registration Filings Amid Government Shutdown

According to PANews, Bloomberg analyst Eric Balchunas has highlighted that the U.S. Securities and Exchange Commission (SEC) is accelerating the review of over 900 registration filings received during the government shutdown. The SEC's latest guidance indicates that if issuers submitted registration statements without a delayed effectiveness clause (8(a) path) during the shutdown, these can automatically become effective after 20 days. Issuers can also add a delayed clause and request acceleration for earlier effectiveness. Analysts suggest this may prompt some crypto ETF issuers, who have not yet completed the 8(a) process, to expedite their listings. Bitwise's XRP ETF is considered a potential candidate for this accelerated process.