U.S. Government Shutdown Reaches 36 Days, Threatening Crypto Legislation

U.S. Government Shutdown Extends to Record Duration

NEW YORK — The ongoing U.S. government shutdown has entered its 36th day, surpassing previous records as budget negotiations remain deadlocked. Recent electoral victories for Democrats may further complicate efforts to reach a resolution.

Speculation has been mounting that Democrats might agree to fund the government soon, potentially without achieving their desired adjustments to healthcare premiums, which have recently increased. However, the recent election results, showcasing stronger-than-expected support for Democrats, could delay negotiations and impact the timeline for advancing crypto market structure legislation.

Policy experts suggest that while a markup on market structure could occur by Thanksgiving, passing legislation through Congress by the end of 2025 seems unlikely. Nonetheless, there remains a possibility for it to pass both houses by 2026.

As previously reported by CoinDesk, the prolonged shutdown diminishes the prospects of crypto legislation advancing. Summer Mersinger, CEO of the Blockchain Association, indicated the shutdown may push the bill's consideration to 2026.

Many government officials responsible for crafting legislative language have been furloughed, further hindering progress.

Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, reiterated President Trump's commitment to seeing a final market structure bill by the end of 2025, expressing optimism despite challenges.

Witt noted that the shutdown has inadvertently allowed for more detailed discussions with lawmakers on the bill's specifics, as fewer competing priorities have been present.