Government Shutdown Threatens Crypto Markets as Political Deadlock Intensifies
The United States government stands on the brink of shutdown as Congress faces a Tuesday deadline to pass budget legislation. With funding set to expire September 30, crypto markets have already felt the impact, experiencing sharp selloffs amid growing uncertainty.
Political negotiations have stalled between Republicans and Democrats over spending priorities. Republicans want a clean continuing resolution extending funding through mid-November, while Democrats demand broader changes including healthcare provisions. The House may not return to session until the Senate acts, creating additional time pressure.
Prediction markets show a 43% chance of shutdown occurring before year-end, with over $1.2 million wagered on the outcome. This…
