Senate Vote Threatens Government Shutdown, Impacting Crypto Markets

The U.S. Senate is facing a crucial vote that could plunge the government into another shutdown, with its outcome potentially having significant consequences for crypto markets. The decision to extend or modify funding bills is being debated, and this delay could cause disruption in federal payments and budget allocations. These delays are expected to cause market volatility, with potential effects on stablecoins and DeFi protocols dependent on U.S.-based banking systems. 8 Democrats support the bill while a threshold of Republican affirmative votes is needed for success. The vote is crucial, but uncertain as discussions continue between parties.