Government Shutdown Threatens Crypto’s Big Picture as it Stretches to Second-Longest
The U.S. government entered its fourth week of closure on Wednesday, exceeding its second-longest shutdown on record, and the crypto industry is lamenting the big-ticket items being affected, even if the closure of the federal agencies aren’t yet causing direct pangs.
The closure of the government means the Senate is primarily focused on the task of re-opening it, largely shoving other policy pursuits aside. This period was meant to be the narrow window for crypto action in which the Senate had a shot at matching the House of Representatives’ Digital Asset Market Clarity Act to regulate the U.S. crypto markets. That top goal of the industry has potentially missed its shot for 2025.
“Politically, time is running out for key bills,” said…
