House Votes to Reopen Government as Congress Suddenly Ramps Up Crypto Work

The U.S. House of Representatives voted to reopen the government after a 42-day shutdown, passing a funding bill that now awaits President Trump's signature. This measure allows federal agencies, including the SEC and CFTC, to resume their work on cryptocurrency regulations and approvals. The vote, with a majority of 222-209, included 216 Republicans and six Democrats supporting the measure. The timely reopening of the government is significant for the crypto industry, as it facilitates the resumption of pending approvals and rulemaking efforts, including a confirmation hearing for CFTC Chair nominee Mike Selig. As federal agencies get back to work, efforts to define market structure legislation for crypto oversight are slated to continue, which is highly relevant given the industry's growing complexity and demands for regulatory clarity.

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