U.S. Government is Shutting Down: Cryptocurrency Law May Be Delayed

The closure of the federal government in the U.S. surpassed its longest duration in history, exceeding 35 days. This situation is said to have a significant impact on cryptocurrency market regulations. There is a risk that the critical cryptocurrency legislation for investors may be postponed again due to political uncertainties.

The ongoing disagreement over the government's financial resources has deepened, especially influenced by the unexpectedly strong performance of Democrats in the recent midterm elections. Relevant sources suggest that this situation may delay the cryptocurrency legislation until 2026. According to insights from Washington, the government's closure is affecting not only the economy and public services but also the timeline for the cryptocurrency regulatory bill.

A policy expert noted that this shutdown will delay the legislative process at every level, while expressing that there is still a possibility for the bill to come up for preliminary discussion by Thanksgiving. However, another official stressed that the likelihood of the law passing by the end of 2025 is weak and that it is more probable to be approved by the end of 2026.

The CEO of Blockchain Association, Summer Mersinger, emphasized that the prolonged government shutdown increases the chances of the cryptocurrency legislation being delayed until 2026. Many experts employed by government agencies are currently on unpaid leave, which has significantly reduced the number of personnel capable of preparing the technical aspects of the legal text. This situation is occurring at a critical time for cryptocurrency market regulations.

The Director of the White House Digital Assets Advisory Council, Patrick Witt, stated in his remarks at Ripple's Swell conference that President Donald Trump aims to reach a final "cryptocurrency market structure law" by the end of 2025. Witt noted that they continue regular discussions with both sides in Congress and have made significant progress recently. He also added that the government shutdown unexpectedly allowed the team working on the legislation to establish deeper contact with members of Congress.

In conclusion, it appears that a comprehensive legal framework for the cryptocurrency market in the U.S. may once again be delayed due to political uncertainties. Investors should closely monitor developments during this process and determine their strategies by considering market dynamics.