Senate Funding Vote Delays Cryptocurrency Regulation Bill
The U.S. Senate is set to vote on a continuing resolution to end the 38-day government shutdown, requiring 60 votes after previous failures. This funding vote has pushed the CLARITY Act (House) and Responsible Financial Innovation Act (Senate) — a key cryptocurrency bill to establish a clear digital asset regulatory framework — to the backburner. Originally targeted for committee approval by late September, Senate passage by October, and enactment before 2026, the crypto legislation now faces delays due to the shutdown, holiday calendar, and intraparty demands. Traders should monitor the funding vote outcome, as further stalls in cryptocurrency legislation prolong regulatory uncertainty and could impact market sentiment and trading strategies.
Bearish
The ongoing government shutdown and delayed funding vote have sidelined key cryptocurrency legislation, extending regulatory uncertainty in the digital asset market. In the short term, this may dampen trader confidence and reduce trading volumes as regulatory clarity remains out of reach. In the long term, postponed enactment of the CLARITY Act and Responsible Financial Innovation Act could slow institutional adoption and market growth, keeping volatility high and limiting bullish momentum until a clear framework is established.