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00:02U.S. market regulators began furloughing workers on Wednesday after Congress failed to pass funding,
00:08shutting down the government, and curtailing oversight, according to Reuters.
00:13The SEC will furlough more than 90% of its staff,
00:16retaining about 393 employees to handle emergency enforcement and surveillance.
00:22The CFTC will operate with 5.7% of its 543 staff
00:28during the shutdown to maintain market oversight and prevent fraud and abuse.
00:33The shutdown halts processing of IPOs and delays approvals for crypto ETFs,
00:38threatening to derail a revival in listings.
00:41Bank regulators like the Fed and FDIC will remain open,
00:45though the National Flood Insurance Program has shuttered.
00:48Routine SEC filings will continue,
00:50but investors face uncertainty with market data releases paused, fueling volatility.
00:55Gold hit a record high as Wall Street futures and the Dollar Weekend.
01:00For all things money, visit Benzinga.com.
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