Crypto Policy Advances Amid US Government Shutdown
The US Senate remains deadlocked on budget negotiations as the government shutdown enters its ninth day. Despite six failed votes on funding measures, legislative activity on cryptocurrency regulation continues behind the scenes.
Senate Banking Committee leaders plan to advance the Responsible Financial Innovation Act this month, regardless of the budgetary impasse. The bill represents Congress's latest attempt to establish comprehensive crypto market structure rules, building on the House-passed CLARITY Act from July.
Committee Republicans circulated an updated draft last month, while Democrats outlined their policy priorities. The Agriculture Committee's complementary legislation remains pending, creating a complex path forward for final legislation.
