Momentum Will Return To D.C., Solana Policy Institute President Says
Solana Policy Institute (SPI) head President Kristin Smith believes that “momentum will return” to Washington, D.C., because the U.S. authorities shutdown hits the three-week mark, delaying anticipated crypto progress.
Solana Policy Institute President Speaks Out On Shutdown
“We’re a number of weeks into the federal authorities shutdown in Washington,” Smith wrote in an October 20 X submit. “A disruption, sure. A derailment, no. Crypto progress—in Washington and on Wall Street—continues.”
1/ We’re a number of weeks into the federal authorities shutdown in Washington.
A disruption, sure.
A derailment, no.Crypto progress — in Washington and on Wall Street — continues.
— Kristin Smith (@KMSmithDC) October 20, 2025
Although Smith acknowledges that the shutdown has “quickly paused company perform” on the United States Securities and Exchange Commission (SEC)—together with IPO approvals and ETP opinions—the SPI head says the group expects most of the pending functions will “transfer ahead rapidly.”
“The subsequent part of crypto coverage will outline how—and the place—innovation occurs,” Smith added. “Washington will reopen. Momentum will return.”
Crypto ETFs Delayed As SEC Wades Through Shutdown
Crypto proponents have expressed concern over the U.S. authorities shutdown’s impact on the crypto sector, with a number of digital asset ETFs nonetheless awaiting approval amidst the political dysfunction.
Shortly earlier than the shutdown, the SEC requested candidates to rescind their 19-b filings in favor of generic listing standards that will successfully take over separate filings.
Data this month from research and consultancy firm ETFGI exhibits that the U.S. ETF trade hit $12.70 trillion in belongings by the tip of September, with crypto-focused funds, such because the Grayscale Bitcoin Mini Trust ETF (BTC US) and Grayscale Ethereum Mini Trust ETF (ETH US), bringing in $220 million alone.
However, U.S. lawmakers are nonetheless unable to discover a path ahead relating to ending the federal shutdown after an eleventh vote to fund the federal government failed once more on Tuesday.
Meanwhile, Senate Democrats are slated to meet with top crypto executives in a roundtable on Wednesday in hopes of advancing crypto coverage.
With political gridlock at a fever pitch, it’s nonetheless unclear when formal digital asset policymaking will resume on Capitol Hill.
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