U.S. SEC Chairman: The U.S. government may shut down at the end of this month, severely limiting the SEC's regulatory activities

ChainCatcher news, according to Bloomberg, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that due to the possibility of the federal government shutting down at the end of this month, the SEC's regulatory activities will be severely limited and may be unable to perform some basic functions.

However, Gensler downplayed the notion that a shutdown would cause significant market disruption. He stated, "The Treasury market will still operate, and the stock market will continue to trade. It's just that there will be a lack of market oversight."

It is reported that the U.S. government is facing a shutdown crisis unless Congress reaches an agreement and passes a spending bill before the end of this month. Under Gary Gensler's leadership, the SEC has initiated multiple lawsuits against the cryptocurrency industry this year.