What Would a Government Shutdown Mean for Crypto?

A potential U.S. government shutdown raises concerns about the impact on cryptocurrency policymaking, although it may not directly harm the market itself. Currently, key questions revolve around whether Congress will pass necessary market structure legislation and the effects of a shutdown on this process. Amidst a stalled legislative environment, the Senate's banking committee has moved a crucial markup meeting to late October, complicating the timeline for passing crypto-related bills. Experts express doubts about progress being made this year due to these delays, with predictions of prolonged negotiations ahead. Stakeholders view the potential shutdown as a setback but maintain optimism for bipartisan dialogue on crypto policy. Without a budget agreement by September 30, the federal government risks shutting down, leading to more significant delays in regulatory advancements for the crypto space.

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