The looming government shutdown may delay progress on crucial crypto market structure legislation, with Congress and regulators facing potential setbacks in the coming weeks.
The U.S. government shutdown, which could occur as early as Sept. 30, 2025, is likely to delay the ongoing efforts to finalize crypto market structure legislation. A planned revision of the Senate Banking Committee’s bill, originally set for September 30, has been postponed, with a new target date in late October. Despite the delay, industry leaders remain optimistic about bipartisan support for future market structure legislation. A shutdown might also affect ongoing regulatory efforts by agencies like the SEC and CFTC, but momentum in policymaking is expected to continue in the long term.