U.S. government enters shutdown…SEC "Only a minimal number of staff maintained, systems operate with restrictions"

The U.S. Securities and Exchange Commission (SEC) has reduced operations due to the government shutdown.

According to Cointelegraph on the 2nd (local time), the day before the SEC announced, "In accordance with the emergency plan prepared last August, only an extremely limited staff will be maintained and many systems will operate under modified conditions." In practice, most employees have wrapped up work and entered security procedures to prepare for a swift restart.

The SEC also explained, "On the first business day after the shutdown, employees other than essential personnel will close out their work and secure records, preparing so that normal operations can resume immediately once the government shutdown is lifted."