State of Crypto: The Government Shutdown Nears a Record

Why It Matters

Political pressures over healthcare premiums and SNAP benefits further complicate negotiations, while upcoming events such as Sam Bankman‑Fried’s appeal and the sentencing of Samourai Wallet developers add to the regulatory backdrop.

Summary

The U.S. government shutdown, now in its second‑longest stretch, could become the longest at 35 days, halting progress on crypto legislation. Congress has already missed key deadlines, including the Oct. 20 markup hearing for market‑structure reform, and any movement now depends on the Senate Agriculture Committee’s draft bill and a possible Thanksgiving‑time markup. Political pressures over healthcare premiums and SNAP benefits further complicate negotiations, while upcoming events such as Sam Bankman‑Fried’s appeal and the sentencing of Samourai Wallet developers add to the regulatory backdrop.