As the federal government shutdown begins, U.S. market regulators are furloughing workers, impacting key oversight functions and delaying IPOs. The SEC will retain only 393 employees for emergency enforcement and market surveillance. CFTC plans to operate with just 5.7% of its workforce, ensuring market oversight and fraud prevention. Wall Street futures and the dollar stumbled, while gold hit a record high.

The SEC’s Division of Trading and Markets inability to review filings may delay approvals of crypto ETFs, like those tied to Solana and XRP. Analysts expected these ETFs to debut in early October. The shutdown’s immediate impact is hurting investor sentiment and could clog the IPO pipeline, affecting market stability.

Read more at Yahoo Finance: US financial regulators start shuttering as federal funding runs out