The post TD Cowen warns US shutdown freezes SEC and stalls crypto progress appeared on BitcoinEthereumNews.com.

The US government shutdown is hindering progress in the crypto ecosystem as government agencies such as the Securities and Exchange Commission (SEC) have reportedly halted their operations, according to a note from investment bank TD Cowen dated Monday, October 6. This announcement came as Bitcoin spiked past $127,000 today, nearing its new all-time high as macroeconomic uncertainty and mounting political tensions in Washington pushed investors toward alternative assets. The world’s largest cryptocurrency climbed more than 15% over the past week, rebounding from about $109,000 at the end of September to touch $125,750 over the weekend, according to Bitbio data. At the time of writing, Bitcoin is trading at $124,728. The ongoing US government shutdown is giving Bitcoin another push. Now in its second week, the budget deadlock is fueling worries over fiscal instability and the dollar’s long-term credibility. The government shut down last week because Congress could not reach a common ground on funding. Consequently, it has resulted in several government employees losing their jobs and major restrictions on what federal agencies can do.  The US government shutdown causes tension in the crypto ecosystem  Several analysts have raised concerns about the US government shutdown, which might continue for weeks or even longer.  In reports released by TD Cowen’s Washington Research Group, under the leadership of Jaret Seiberg, the situation seems to be at a crucial stage as initiatives like the SEC’s actions to provide exemptions for crypto-related issues, such as tokenization, are currently stalling. According to Seiberg’s view on the topic of discussion, he pointed out that he did not expect the SEC to resume its significant policy changes for the crypto ecosystem unless an agreement to fund the government is struck. Analysts, such as Geoffrey Kendrick, head of digital assets at Standard Chartered, believe that Bitcoin’s role as a safe…

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Filed under: News - @ October 7, 2025 12:27 am