State of Crypto: The Government Shutdown Nears a Record

The ongoing U.S. government shutdown, which began on October 1, 2025, could become the longest in history, potentially impacting the prospects for crypto legislation. As the shutdown extends, Congress has missed important deadlines for legislative actions, particularly regarding market structure legislation for cryptocurrencies. While there is some optimism that stalled crypto legislation may progress if the Senate Agriculture Committee's draft bill receives a positive reception, the shutdown complicates legislative timelines. Priorities may shift as Congress heads towards year-end, with other critical bills like the National Defense Authorization Act taking precedence. Additionally, prospects for negotiation surrounding healthcare premiums could influence Democrat willingness to compromise on crypto legislation. Important dates to watch include upcoming elections in Virginia and New Jersey, as these could sway legislative focus further. Meanwhile, various court hearings related to notable figures in the crypto space will occur in the coming week, indicating continued scrutiny and legal challenges within the industry.

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