The SEC's investigation into cryptocurrency treasury has been postponed due to the government shutdown, and subpoenas may be issued after it resumes

Due to the U.S. government shutdown entering its second month, the SEC's investigation into potential insider trading related to the Digital Asset Treasury (DAT) strategies adopted by public companies has been temporarily halted.

Several former SEC lawyers have stated that once the government reopens, the investigation will almost certainly resume, noting that if the preliminary investigation escalates to a formal investigation, regulators may issue subpoenas within one to two months. Legal experts believe that although the Trump administration is seen as more friendly to the crypto industry, if the SEC can clarify potential violations, it will help establish a healthy regulatory framework for the digital asset market.