Many American federal employees were subjected, and others continue to work without pay, because legislators have failed to pass the government’s financing measures last week, and the closure is expected to continue.
As of Monday morning, there was no deal between Republican members and Democrats in the US Congress to stop the closures and return to normal, including activities in financial organizational agencies such as the Securities and Stock Exchange Committee (SEC) and the Future Trading Committee of Commodities (CFTC).
The Senate is scheduled to receive a continuous decision to finance the government at 5:30 pm Each time, but at the time of publication, it was not clear whether the procedure would have enough support to pass it.
Cruz’s position for the position of Democrats in the face of the budget is health care, as legislators are demanding that any bill of spending on a reflection of discounts on the July budget scale.
Regarding the influence on the digital asset industry, SEC said it will work “under modified conditions” within a “very limited number of employees” until the financing bill is passed, which restricts its ability to review the requests of funds circulating in the exchange of encryption. CFTC works, with only one commissioner who currently works as a prosecutor, with limited restrictions and employees.
“The US government closing (…) can destroy the encryption industry by disrupting SEC and CFTC, which is vital to global digital asset markets,” said Przemysław Kral, CEO of Crypto Exchange Zondacrypto, in a joint statement with Cointelegraph.
“Although the immediate impact may seem to be included, the low operational capacity risk stopping innovation and reducing investor confidence, especially in an area that already plays to catch up with encryption regulation,” said Karale.
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Until the government returns to normal operations, the Senate is unlikely to be able to consider a bill to create a digital asset market structure, and US President Donald Trump is nominating alternatives to CFTC Commissioners.
The White House pulled the nomination of Brian Quintns as CFTC president last week amid the outbreak of Gemini Cameron and Tyler Winkefus, both donors and supporters Trump.
Cryxus users are betting on a long closure
A variety of bets on platforms like Kalshi and Polymarkty show that many users expect a long closure – but not historically -. Trump holds the record to close the government for 35 days during his first term, to push him to build the United States and Mexico border wall.
On Kalshi, a bet along the closure Propagate 69 % chance of which lasts more than 15 days, with 41 % for more than 25 days. Polymarket give Users are a 24 % chance at the time of publication that the current closure will be the longest in the history of the United States, but the opportunity of 72 % end After October 15.
The closure entered the sixth day after funding, turning at the midnight of September 30.
magazine: Bitcoin may move “very fast” to $ 150,000, Altseason: Hodler’s Digest, September 28 – October 28
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