Government Shutdown Risks Delay of Crypto Regulation
TLDR
- Political deadlock raises a 43% chance of a U.S. government shutdown.
- Bitcoin and Ethereum lost over $140 billion in market value amid shutdown fears.
- A shutdown would limit SEC operations and delay key crypto regulatory decisions.
- Institutional investors move away from volatile assets as shutdown nears.
With a looming deadline for U.S. government funding, the threat of a shutdown is increasing. As political negotiations between Republicans and Democrats reach an impasse, prediction markets are pricing the chance of a shutdown at 43%. The uncertainty is having a noticeable impact on the cryptocurrency market, triggering significant price drops in major digital assets like Bitcoin and Ethereum. Investors are shifting…
