State of Crypto: The Government Shutdown Nears a Record

The U.S. government shutdown, which began on October 1, 2025, is approaching the record for the longest in history, severely hindering the progress of cryptocurrency legislation. Crypto legislation has been largely at a standstill, and the extended shutdown reduces the window for bills to move forward, especially with other year-end priorities like the National Defense Authorization Act looming. Despite the delay, there is some optimism that stalled legislation, particularly the Senate Agriculture Committee's draft market structure bill, could see movement, potentially leading to a markup hearing around Thanksgiving if feedback is positive. However, the shutdown complicates this timeline, and political maneuvering—such as Democrats potentially yielding on healthcare demands to resolve the SNAP benefits dispute—could affect their willingness to compromise on crypto legislation. The coming week also features key legal events, including Sam Bankman-Fried's appeal hearing and the sentencing of Samourai Wallet developers.

(Source：CoinDesk)