SEC

The 2026 tech IPO window that bankers predicted would be the busiest since 2021 has opened to near-silence, with Discord, Kraken, and Motive all stalled as a government shutdown hangover clogs the SEC pipeline and investors demand profitability over growth.

U.S. regulators end a decade of ambiguity by jointly defining five crypto asset categories, explicitly naming Bitcoin, Ether, and Solana as commodities — not securities.