US House Ends Shutdown, Clears Way for Crypto ETF Approvals
House passed a stopgap funding bill (222-209) ending the 35-day government shutdown. The measure, now en route to the president for signature, fully restores federal operations. It unlocks resumed SEC review processes and accelerates pending crypto ETF approvals for Bitcoin and Ethereum. More than 20 spot ETF applications, each subject to a 240-day review, can now advance. Lawmakers also expect renewed progress on a market structure bill clarifying SEC and CFTC oversight of digital assets. The CFTC can resume guidance on stablecoins and DeFi. Analysts project ETF decisions by early 2025. Historical precedents, such as Canada’s Bitcoin ETF launches—which spurred 300% volume growth—suggest crypto ETF approvals could drive significant institutional inflows. Renewed regulatory clarity may unlock billions and support sustainable growth in the crypto and blockchain sectors.
Bullish
Ending the US government shutdown is bullish for crypto markets. Resuming SEC operations unlocks a backlog of spot crypto ETF approvals, a catalyst for institutional capital inflows. Past approvals in Canada drove massive volume gains, indicating similar demand in the US once a spot Bitcoin or Ethereum ETF clears. Short term, traders may see positive sentiment and price bumps as the market anticipates official SEC statements. Longer term, clarified regulatory frameworks and revived market structure bills reduce uncertainty, attracting more institutional participation and supporting a sustained bull market. Additionally, CFTC guidance on stablecoins and DeFi will foster innovation. Overall, restored oversight capacity strengthens market stability and investor confidence.