Government Shutdown Halts Crypto Legislation, Impacting Markets and Funding

The ongoing U.S. government shutdown is causing major delays in the development of critical cryptocurrency legislation. Regulatory uncertainty stemming from this unprecedented situation has a significant impact on both Bitcoin and Ethereum markets. This delay not only affects the pace of regulatory reviews but also hinders crucial funding for U.S. crypto projects. 80% of the workforce at the SEC and CFTC have been furloughed, further slowing down market developments.