State of Crypto: The Government Shutdown Nears a Record

The U.S. government shutdown, initiated on October 1, 2025, is on track to potentially become the longest in history, which poses challenges for advancing cryptocurrency legislation. Congress has already missed critical deadlines, such as the October 20 date for market structure legislation, hindering progress on crypto-related bills. With Congress prioritizing other matters, including the National Defense Authorization Act, the likelihood of crypto legislation gaining traction decreases as the year ends. Despite these challenges, some optimism remains that stalled legislation could see movement if favorable feedback is garnered on the Senate Agriculture Committee's draft market structure bill. Upcoming elections and broader political negotiations may also impact legislative priorities, with possibilities of markups around Thanksgiving barring further complications due to the shutdown. Individuals are closely monitoring these developments, as they determine the future landscape of crypto regulation in the U.S.

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