Some of crypto’s momentum in Washington D.C. has stalled, a situation that may become worse if the U.S. government shuts down next week.
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Slowing but not stopping
The narrative
The U.S. government seems headed toward a shutdown. While that won’t directly affect crypto, the reverberations from the government shutting down will affect policymaking in the crypto world.
Why it matters
There are three major questions right now when it comes to market structure legislation: Will Congress pass a bill; when might Congress pass a bill; and how will a government shutdown affect this process?
Beyond just Congress, a shutdown might affect regulators’ rulemaking efforts, though that may not be as big an issue at the moment (depending, of course, on how long the shutdown lasts).
Breaking it down
Congress has until Sept. 30, 2025 — in othe
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