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Saved February 14, 2026
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The U.S. government shutdown has reached a record 36 days, impacting negotiations on market structure legislation for cryptocurrency. Although some expect movement on the bill by Thanksgiving, itβs unlikely to pass before 2026 due to the prolonged stalemate and the absence of key government experts.
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The U.S. government shutdown has now lasted 36 days, marking a new record and hindering progress on important legislation, including a bill focused on crypto market structure. Initially, there were expectations that Democrats might compromise to fund the government soon, especially after their unexpected electoral gains. However, these results could stall negotiations further, complicating efforts to pass the crypto bill. While some insiders still see a chance for a markup on the legislation by Thanksgiving, it's increasingly likely that any significant movement will be pushed into 2026.
The shutdown has also limited the federal workforce involved in drafting legislative language, further slowing the process. Summer Mersinger, CEO of the Blockchain Association, noted that the extended shutdown reduces the likelihood of passing the market structure bill before 2026. Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, remains optimistic, stating that the shutdown has inadvertently given lawmakers more time to focus on the bill's details without competing priorities.
In a separate but related issue, the Senate's crypto bill is facing delays due to disagreements over stablecoin yield. The Digital Chamber has responded to a recent position paper from bankers who oppose any yield on stablecoins, arguing that some rewards are necessary for the industry. This dispute highlights ongoing tensions between traditional finance and the evolving crypto sector, complicating the legislative landscape even further.
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