US Government Shutdown Continues as Senate Plans Crypto Roundtable

News Flash 2025-10-21 02:37

The US government shutdown has entered its third week, with the Senate scheduled to vote on Monday evening in an attempt to resolve the funding deadlock. This marks the 11th vote aimed at reopening federal operations, which have been halted since October 1. Meanwhile, Senate Democrats are organizing a roundtable discussion on Wednesday with crypto industry leaders from companies like Coinbase, Kraken, and Ripple to deliberate on the long-stalled crypto market structure bill. The roundtable, led by Senator Kirsten Gillibrand, follows a counter-proposal by several Democratic senators that critics argue could harm decentralized finance (DeFi) and weaken bipartisan support for the CLARITY Act, which passed the House in July. The Senate's market-structure bill seeks to establish a comprehensive federal framework for digital assets. The ongoing shutdown has also impacted the progress of crypto exchange-traded funds (ETFs), with the SEC operating on limited capacity. Key deadlines for ETF approvals have passed without updates, delaying the launch of several proposed funds, including those tracking Solana, XRP, and Litecoin.

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