U.S. Government Shutdown Hits Record Length, Affecting Crypto Legislation
- The U.S. government shutdown has reached a record length of 36 days, surpassing the previous record of 35 days.
- Democrats’ recent electoral success may delay negotiations on federal budget funding and related legislation.
- Experts suggest that the longer the shutdown continues, the less likely it is for market structure legislation to progress through Congress.
- The CEO of the Blockchain Association indicated that delays could push market structure discussions into late-2026.
- Patrick Witt from the President’s Council of Advisors for Digital Assets remains optimistic about finalizing legislation by the end of 2025.
The ongoing government shutdown complicates efforts to finalize important cryptocurrency regulations, as many experts have been furloughed, limiting legislative capabilities. The situation may lead to further delays in addressing critical issues within the crypto market.
With the shutdown now extending beyond a month, expectations for timely passage of market structure legislation are diminishing significantly.(Source)
