The US government shutdown entered its 38th day on Friday, with the Senate set to vote on a bill that could temporarily restore operations.
According to the US Senate’s business calendar on Friday, the House will consider A House of Representatives continuing resolution to fund the government. It is unclear whether the bill will cross the 60-bottle threshold needed to pass the Senate after several failed attempts in recent weeks.
https://www.youtube.com/watch?v=s8j1i_oalac
In the midst of the shutdown, there are Republican and Democratic lawmakers reported ongoing discussion in the digital asset market bill bill. The legislation, which was passed as The Clarity Act in the House in July and referred to as the Responsible Financial Innovation Act in the Senate, is expected to provide a comprehensive regulatory framework for cryptocurrencies in the US.
Although members of Congress continue to receive salaries during the shutdown – unlike many agencies, where staff are furloughed and others work without pay – any legislation, including those related to crypto, seems to have taken a backseat to accommodate the shutdown.
At the time of publication, it was unclear how much support the Republicans had drawn from Democrats, who held the line on demanding an expansion of health care subsidies and rolling back cuts from a July funding bill.
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Is the Republican timeline for the crypto bill still achievable?
Wyoming Senator Cynthia Lummis, one of the most prominent proponents of the Market Bill in Congress, said in August Republicans planned to have the legislation through the Senate Banking Committee by the end of September, the Senate Agriculture Committee in October and signed into law in 2026.
Although the reports proposed by lawmakers in each committee discuss the terms for the bill, the timeline seems more likely amid a government shutdown and approaching holidays.
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