U.S. Government Shutdown Halts Progress on Crypto Regulation

A standstill in government operations due to the ongoing shutdown has stalled progress on a crucial bill aimed at clarifying the division of authority between the SEC and CFTC, leaving the cryptocurrency market’s regulatory framework uncertain. The bill, considered a significant step towards comprehensive crypto regulation, has been left in limbo as thousands of government employees remain furloughed. Negotiations for the bill have hit an impasse with staff absent due to the shutdown.