The post Six Policy Changes Affected Crypto This Week appeared on BitcoinEthereumNews.com.

As crypto adoption increases globally, governments are grappling with the potential impacts on their financial systems and economic stability. This week, several major policy changes have impacted the crypto industry — some that hinder innovation and others that bolster it. In the US, a government shutdown has halted any consideration of crypto-focused exchange-traded funds (ETFs). Federal agencies are operating with minimal staff until Congress reaches a budget agreement. In the UK, the government has lifted a ban on crypto-based exchange-traded notes (ETNs) — debt instruments that give investors exposure to crypto without owning it. UK regulators say the crypto market is mature enough to support such products. Elsewhere, countries are creating legal frameworks and definitions for cryptocurrencies, and sovereign wealth funds invest in digital assets.  Here are six policy changes that affected crypto this week: US government shutdown halts ETF progress In the US, congressional Democrats and Republicans were unable to reach an agreement on a budget. Republicans have the majority in the Senate, but don’t have the 60 votes needed to pass the spending bill. This led to the federal government shutdown on Oct. 1.  As a result, many government agencies have closed shop or are operating on skeleton crews. This includes the Securities and Exchange Commission (SEC), which approves financial instruments and regulates much of the crypto sector.  Pending decisions on ETFs have passed without comment or progress amid the shutdown. The SEC took no action on Canary Capital’s spot Litecoin ETF on Oct. 3, the original deadline for the filing.  Some wheels are still turning in Washington. This week, the US Senate confirmed an official to the US Treasury. Jonathan McKernan became under secretary for domestic finance at the Department of the Treasury on Oct. 7. The crypto industry is optimistic about McKernan’s appointment. He has opposed…

---

Filed under: News - @ October 11, 2025 11:22 pm