The US government suspended many operations after the two sides of the parliament failed to reach an agreement on the funding bill. About 750,000 federal workers are known to remain unpaid. What is the cause?
summation
- The US government closed on October 1 after Democrats and Republicans failed to pass short -term funding.
- Shutdowns are not expected to be harmed directly to the encryption market, but they can delay major laws such as the Digital Asset Market Clarity.
On October 1, the US government decided to stop the federal operation after Democrats and Republican lawmakers could not reach an agreement on government spending bills. The bill required a total of 60 votes to pass the Senate voting, which could prevent the government’s closure.
According to the NPR report, the Republican Party rejected the bill proposed by Democrats designed to provide government funds at the end of October. The proposed bill included extension of medical subsidies that expired at the end of the year.
Another bill was also blocked by the Democratic Party, which was not approved by the Republican bid for the short -term measures that the government funded and operated by November 21, 2025, which was called a clean funding claim without any other initiatives attached with other initiatives known for their continuous resolution.
Both bills did not pass 60 votes. Therefore, the US government has closed the federal operation for unpredictable future.
Shortly after the government’s closure began, the two sides began to blame each other for unintended results.
JD VANCE vice president blamed Democrats for closure. He believes that the US government is heading for “Democrats will not do the right thing.”
On the other hand, Chuck Schumer, a Democratic Senate Leader, reversed similar emotions. He criticized the government’s closure of the Republican. He said, “The Republican said,“ We are driving the United States, refusing to talk about Papartian, promoting party legislation, and having a danger of US health care.
So far, both sides have not yet reached an agreement. But Republican lawmakers said they plan to keep their votes on financing bills to wear Democrats.
“Tonight, we had three (additional Democratic votes), so we started to show up.
How does the US government closure affect the encryption market?
Based on the previous US government closure from 2018-2019, the Crypto market may not be hit by the government’s closure.
At present, the encryption market has been relatively stable while the government closes. Bitcoin (BTC) increased by 0.5% to about $ 114,461, and Ether Leeum (ETH) was maintained at more than $ 4,100 despite slightly 1.3%. The total market cap surpassed $ 4 trillion, up 0.1%.
Instead, the impact of the government shutdown on the encryption market is expected to be indirectly on the encryption legislation for approval.
Overall, shutdowns affect the encryption space. This is because it interferes with investors’ data collection. This is because it is more difficult for traders to predict the market movement because the government does not publish employment and inflation data during closing.
In addition, the shutdown may be delayed by the clarity of the clarity. The Digital Asset Market Clarity Act in 2025 is to establish a clear regulatory framework for digital assets by further formulating the Crypto market by assigning supervision to SEC and CFTC.