U.S. Senate Blocks Funding, Crypto Policy Remains Uncertain

The U.S. Senate’s rejection of funding proposals on Wednesday has left the crypto policy agenda stalled as budget issues remain unresolved. While both houses remain inactive due to the government shutdown, the Senate continues discussions regarding cryptocurrency regulation, with the Banking Committee pushing for revisions to the Responsible Financial Innovation Act despite the impasse. This comes after the House previously passed the Financial Transparency Act, prompting the Senate Banking and Agriculture Committees to draft their own bills – a process likely to continue even as the government remains shut down.