Crypto's Progress to be Hampered by Looming US Government Shutdown

The momentum behind crypto initiatives in Washington D.C. has slowed, and a potential US government shutdown may exacerbate this situation. The shutdown's impact on crypto will be largely indirect, affecting policymaking and regulatory efforts. Key questions surrounding market structure legislation include the likelihood of Congress passing a bill, the timing of such a bill, and the potential impact of a government shutdown on this process. Regulatory efforts may also be affected, although some rulemaking processes are already underway and less likely to be derailed. Experts believe that while a shutdown may slow progress, it is unlikely to completely halt the advancement of crypto-related policies.