US government poised to shut down: Will it affect crypto market structure bill?

As the US government prepares for a potential shutdown at midnight Tuesday, discussions on a crypto market structure bill may be significantly delayed. The Senate's consideration of this bill, which aims to clarify digital asset regulations, has already been postponed from the end of September to October. If negotiations between Republicans and Democrats fail to produce a funding agreement, all legislative activities, including any related to the digital asset market, would effectively halt. The Responsible Financial Innovation Act, building on the CLARITY Act passed by the House, is a key focus but faces uncertainty amid funding disputes that have seen previous government shutdowns last longer than expected. Lawmakers’ priorities will likely shift toward government funding rather than advancing unrelated issues like cryptocurrency regulation, further complicating the future of the market structure bill.

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