US House Reopens Government, Renewing Crypto Regulation
The US House of Representatives on Nov. 13 approved a three-month continuing resolution by a 222-209 vote, ending a 42-day government shutdown. With funding restored, key agencies including the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) can resume crypto regulation and rulemaking. The Senate Agriculture Committee has released an initial market-structure draft bill defining the CFTC’s oversight of crypto spot markets and scheduled a confirmation hearing for nominee Mike Selig as CFTC chair. The restart also clears the path for SEC approvals of new exchange-traded funds and allows regulators such as the IRS and Office of the Comptroller of the Currency to advance proposals under the GENIUS Act. The end of shutdown uncertainty renews momentum for crypto regulation and stabilises the path for public listings and policy updates.
Bullish
Reopening the government ends regulatory uncertainty and allows the CFTC and SEC to resume critical crypto regulation work, including ETF approvals and spot‐market oversight. Historically, shutdowns stall rulemaking, delaying product launches and investor clarity. With funding restored, agencies can advance pending proposals and hearings—boosting short-term trading confidence and clearing the way for long-term institutional engagement. This renewed momentum in crypto regulation is likely to support market stability and foster growth, making the outlook bullish.