- With 20 days under its belt, the US government shutdown, which began on October 1st, is the third longest in the country’s history.
- The US securities commission has postponed making a final judgment on several Litecoin, XRP, and Solana exchange-traded fund applications because of the government’s budget deadlock.
A White House economic advisor predicted that the US government shutdown, which has lasted three weeks, is “likely to end sometime this week,” which might lead to crypto regulatory advancements.
On Monday’s Squawk Box episode of CNBC, Kevin Hassett said, “I think the Schumer shutdown is likely to end sometime this week.” He was alluding to Senate Minority Leader Chuck Schumer, whom Republicans have pointed finger of initiating the government shutdown.
The moderate Democrats will take the lead in establishing an open government, and once that happens, we can negotiate their policies in a regular order, he added.
Crypto supporter and recent Coinbase disclosure maker Hassett warned that the Trump administration may use “stronger measures” to coerce the Democrats into cooperation if that fails. Additionally, Trump has him in his top three choices to succeed Jerome Powell as head of the Federal Reserve in May 2026.
Rattled by Growing Political and Economical Uncertainties
With 20 days under its belt, the US government shutdown, which began on October 1st, is the third longest in the country’s history. The US securities commission has postponed making a final judgment on several Litecoin, XRP, and Solana exchange-traded fund applications because of the government’s budget deadlock.
It seems that other cryptocurrency developments are patiently awaiting the conclusion of the closure. Midway through September, representatives from the United States Congress met with Michael Saylor of Strategy and seventeen other prominent figures in the crypto sector to deliberate next steps for Trump’s Strategic Bitcoin Reserve.
Still rattled by growing political and economical uncertainties, investors continued to flee the cryptocurrency market on Monday, sending US spot Bitcoin and Ethereum ETFs down further.
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Source: https://thenewscrypto.com/white-house-advisor-predicts-end-of-us-government-shutdown-this-week/
