The U.S. Securities and Exchange Commission (SEC) has paused most of its activities due to a funding lapse, affecting the review of cryptocurrency ETF applications, including those for Solana (SOL). This interruption is expected to delay the approval process for these ETFs until Congress restores funding and the SEC resumes normal operations. While the agency will continue to accept electronic filings, it will not process or review them during the shutdown. Issuers are encouraged to keep submitting necessary materials despite the halt, and investors should prepare for potential delays in the launch of new ETFs. The SEC's non-emergency enforcement actions are also on hold, further impacting the regulatory landscape for cryptocurrencies.