Many American federal employees have been on leave and others continue to work without salary, because the legislators have failed to spend a Stopgap measure to finance the government last week, and the closure should continue.
On Monday morning, there had been no agreement reported between the Republican members and Democrats of the US Congress to stop the closing and return to normal operations, including activities in financial regulation agencies such as the Securities and Exchange Commission (SEC) and Commodity Futures Futures Trading Commission (CFTC).
The Senate should have a vote on a continuous resolution to finance the government at 5.30 pm, but at the time of publication, it was not clear if the measure would have sufficient support to succeed.
The node of the position of the Democrats in the budget impasse is health care, the legislators demanding that any expenditure bill includes a reversal of a budgetary measure of July.
Regarding the impact on the digital asset industry, the dry said he would work “Under amended conditions” in an “extremely limited number of staff” until the adoption of a financing bill, restricting its capacity to examine the requests for negotiated funds in exchange for crypto. The CFTC, with a single commissioner who is currently acting president, also works with restrictions and limited staff.
“The closure of the American government […] Can damage the cryptographic industry by disturbing the SEC and the CFTC, which are essential for the global markets of digital assets, “said Przemysław Kral, CEO of Crypto Exchange Zondacryptto, in a shared press release with Cointelegraph.
“Although the immediate impact may seem content, their reduced risk of operational capacity block innovation and reducing investors’ confidence, in particular in a region that already played catch -up with the regulation of cryptography,” said Kral.
In relation: Bitcoin Rally at $ 125,000 fed by the US government, Macro factors: Analysts
Until the government returns to normal operations, it is unlikely that the Senate will be able to Consider an invoice To establish a structure of the digital asset market, and the American president, Donald Trump, would not appoint the replacements of the CFTC commissioners.
The White House withdrew the appointment From Brian Quintenz as president of the CFTC last week in the middle of the hindsight reported by the co-founders of Gemini Cameron and Tyler Winklevoss, the donors of Trump and the supporters.
Crypto users are betting on a prolonged stop
A variety of bets on platforms like Kalshi and Polymarket show that many users predict a long stop -but not historically long -. Trump holds the record for a closure of the 35 -day government during his first mandate, on his push to build an American border wall.
On Kalshi, a bet on the length of the closure foreseen A chance of 69% of more than 15 days, with 41% for more than 25 days. Polymarket gave uses 24% chance at the time of the publication that the current closure would be the longest in American history, but 72% chance that it END After October 15.
The closure entered its sixth day after funding for funding at midnight on September 30.
