Longest US Government Shutdown Delays Crypto Legislation and Strains Economy
The US government shutdown has reached a historic 36 days, eclipsing previous records and showing no signs of resolution. Federal operations remain frozen, disrupting air travel, delaying payments, and stalling progress on critical cryptocurrency legislation. Analysts warn the impasse could extend to 61 days, deepening economic repercussions.
Patrick Witt, Executive Director of the White House Digital Assets Advisory Council, confirms President Trump's ambition to pass the crypto market structure bill by year-end. Market participants remain skeptical, with many anticipating delays until 2026. The regulatory uncertainty compounds existing volatility in digital asset markets, leaving key questions about trading frameworks and tax treatment unanswered.
Economic fallout continues to mount. Preliminary estimates suggest significant GDP contraction and rising national debt. The standoff between Congress and the WHITE House persists, with neither side offering viable solutions to resume government functions.