Many US federal employees have been -furloughed, and others continue to work free of charge, as lawmakers have failed to pass a wise proposal to fund the government last week, and shutdown is expected to continue.
Like Monday morning, there has been no reports between Republican and Democratic members of the US Congress to stop closing and relapse operations, including activities with financial regulatory agencies such as the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).
The Senate is set to have a vote on an ongoing resolution to fund the government at 5:30 PM ET, but at the time of publication, it is unclear whether the proposal has sufficient support to pass.
The Crux of Democrats position on the budget standoff is health care, with lawmakers asking that any bill includes a return from a budget proposal in July.
Regarding the impact on the digital asset industry, the SEC said it will operate “Under the modified conditions” within a “excessive limited number of staff” until a bill is passed, restricting the ability to evaluate funding applications exchanged by crypto. The CFTC, with only a commissioner who currently serves as chairman of the acting, also operates on restrictions and limited staff.
“The US government’s shutdown (…) could harm the crypto industry by interrupting the SEC and CFTC, which is important in the global digital asset markets,” Przemysław Kral, CEO of Crypto Exchange Zondacrypto, said in a statement shared with Cointelegraph.
“While the immediate impact may seem to be contained, their reduced risks to operational capacity are surprising to change and reduce investor confidence, especially in a region playing catch-up with crypto regulation,” Kral said.
Related: Bitcoin Rally up to $ 125k already -Fuel by US Gov’t Shutdown, Macro Factors: Analysts
Until the government returns to normal operation, the Senate is unlikely Consider a bill To establish a digital asset market structure, or US president Donald Trump has appointed replacements for CFTC commissioners.
The White House The nomination was removed of Brian Quintenz as chairman of the CFTC last week reported pushing from Gemini co-founders Cameron and Tyler Winklevoss, both donors and supporters of Trump.
Crypto users bet on a long -term shutdown
Different bets on platforms such as Moldi and Polymarket show that many users predict a long – but not historical long – shutdown. Trump holds the record for a 35-day government shutdown in his first term, in his push to build a US-Mexican border wall.
To the Malashi, a stakes at the length of shutdown predicted A 69% chance of this lasts more than 15 days, with 41% for more than 25 days. Polymarket Given Users of the 24% chance at the time of publication that the current closure is the longest in US history, but a 72% chance of this End After October 15.
Shutdown entered its sixteenth day after funding passed at midnight on September 30.
