U.S. Government Shutdown Threatens Crypto Legislation Progress

The momentum of cryptocurrency policymaking in Washington D.C. may slow due to a potential U.S. government shutdown next week, though it won't directly impact crypto.

Key Points

The U.S. Congress needs to pass a budget bill by Sept. 30, 2025, to avoid a shutdown.
A shutdown could delay progress on crypto market structure legislation.
The Senate Banking Committee's draft bill markup is postponed to late October.
Regulatory efforts by the SEC and CFTC might also be affected but are already underway.
Bipartisan support exists for continued crypto policymaking despite potential delays.

Upcoming events include a joint SEC and CFTC roundtable on Sept. 29, 2025, to discuss regulatory harmonization efforts.