[US SEC Issues Guidance on Document Processing During Shutdown, Some Crypto ETFs May Accelerate Effectiveness] The latest guidance document released by the U.S. Securities and Exchange Commission (SEC) indicates that registration statements submitted during the government shutdown without a delayed effectiveness clause (8(a) path) can automatically take effect after 20 days. Issuers may also add a delayed clause and apply for acceleration to take effect earlier. According to Bloomberg analyst Eric Balchunas, the SEC received over 900 registration filings during the shutdown and is currently expediting the processing of the backlog. Analysts believe this guidance could prompt some crypto ETF issuers that have not yet completed the 8(a) process to accelerate their listing progress, with Bitwise's XRP ETF mentioned as a potential frontrunner.