XRP and Cardano ETF Approvals Still Not Arrived, SEC Remains Silent: What Happens Next?

The anticipated Cardano and XRP exchange-traded fund (ETF) applications from the ￰0￱ and Exchange Commission (SEC) have been overshadowed by political gridlock in ￰1￱ week, the SEC has been facing a decision deadline for three different XRP ETF applications and Grayscale's Cardano ETF, but has not released any ￰2￱ to the ongoing US federal government shutdown since October 1st, the SEC is operating at limited capacity, and ETF approval processes have been temporarily ￰3￱ Jacobson, a legal advisor for Halliday and former global head of legal at 21Shares, said in a statement that he expects the approval process to move quickly once the government reopens.

“Autumn is typically the busiest time for ￰4￱ will move very quickly once the government reopens.” Related News: Ripple Officially Announces New Initiative: CEO Sends Bullish Message for XRP The current shutdown is the second-longest government shutdown in US ￰5￱ to a new poll on cryptocurrency prediction platform Polymarket, only 7% of investors believe the government will reopen by October ￰6￱ raises the possibility of surpassing the record 35-day shutdown set during Donald Trump's first term. However, White House National Economic Council Director Kevin Hassett indicated this week that the shutdown could end ￰7￱ US Senate is set to hold its 11th vote to refinance the ￰8￱ all the uncertainty, expectations for a Cardano ETF remain ￰9￱ to Polymarket data, users rate a 77% chance of a Cardano ETF being approved by ￰10￱ expectations were further reinforced by the SEC's significant changes to the crypto ETF approval process in ￰11￱ new regulations reduced the spot crypto ETF approval timeframe from 240 days to 75 days and simplified the process for cryptocurrencies that meet certain requirements. *This is not investment ￰12￱ Reading: XRP and Cardano ETF Approvals Still Not Arrived, SEC Remains Silent: What Happens Next?