PANews reported on November 14th that, according to Bloomberg analyst Eric Balchunas citing the latest SEC guidance, the SEC received over 900 registration documents during the government shutdown and is now accelerating the clearing of the backlog. The guidance document indicates that if an issuer's registration statement submitted during the shutdown does not include a delay-in-time clause (path 8(a)), it will automatically become effective after 20 days, and the issuer can apply for expedited effectiveness by adding a delay clause. Analysts suggest this may prompt some crypto ETF issuers that have not yet completed the 8(a) process to accelerate their listing process, with Bitwise's XRP ETF considered a potential next contender.PANews reported on November 14th that, according to Bloomberg analyst Eric Balchunas citing the latest SEC guidance, the SEC received over 900 registration documents during the government shutdown and is now accelerating the clearing of the backlog. The guidance document indicates that if an issuer's registration statement submitted during the shutdown does not include a delay-in-time clause (path 8(a)), it will automatically become effective after 20 days, and the issuer can apply for expedited effectiveness by adding a delay clause. Analysts suggest this may prompt some crypto ETF issuers that have not yet completed the 8(a) process to accelerate their listing process, with Bitwise's XRP ETF considered a potential next contender.