
The timing, as always, is a delicate dance of political whims and regulatory red tape. Senate leaders, with all the urgency of a drowsy clockmaker, advanced a funding package to revive the government-a gesture that promises to return furloughed SEC staff to their desks and unfreeze the bureaucratic gears. Meanwhile, the DTCC’s roster gleams with hopeful applicants: Bitwise, Canary, CoinShares, 21Shares, Franklin-all poised like impatient suitors, their CUSIPs and symbols polished but their approvals still a mystery. The DTCC’s disclaimer, however, is a weary librarian reminding patrons that just because a book is on the shelf doesn’t mean it’s checked in. 📚