Crypto Regulation On Track Despite Government Shutdown

Despite the ongoing government shutdown, Republicans aim to pass their cryptocurrency bill before 2026. Representative Bryan Steil, a key figure behind the House’s CLARITY Act legislation, remains confident in achieving this goal. This commitment is despite the shutdown’s impact on the digital industry and concerns raised by stakeholders. Senator Cynthia Lummis, who supports the bill, initially planned to vote on a related measure by the end of September. While the SEC faces a reduced workforce during the shutdown, it’s expected that cryptocurrency-related ETF review applications will be delayed until the shutdown ends.