After a record-long shutdown of 43 days, Donald Trump has signed a financing bill. This allows government agencies such as the SEC and CFTC to get back to work, which is also good news for the crypto sector.
Crypto files can move forward again
Trump’s signature came shortly after the House of Representatives approved the funding bill. This ends the longest shutdown in American history. Money is now available until January 30 to keep the government running.
The impasse was sparked by disagreement over health care: Democrats demanded more aid, while Republicans wanted to postpone the discussion. After signing, Trump said he was “willing to work together” on a solution. This appears to clear the way for new negotiations on the 2026 budget plan.
What does this mean for crypto?
The end of the shutdown is good news for the crypto world. The SEC can finally resume assessing applications for spot ETFs, something that several parties have been waiting for for months. The CFTC is also resuming its plans. A hearing is scheduled for November 19 for Mike Selig, Trump’s nominee to lead the regulator.
In addition, the US Treasury Department can get back to work on public comments on the GENIUS Act – a bill that focuses on stablecoins.
Bitcoin price hardly reacts
Remarkably, there is no price reaction. While previous restarts by the US government led to optimism on the market, the Bitcoin price shows little movement this time.
It seems that investors are waiting for action. Are the ETF applications really going ahead? Will there finally be clarity on stablecoin rules? Or will it remain just political promises?
Source: https://newsbit.nl/amerikaanse-shutdown-voorbij-wat-betekent-dit-voor-crypto/
