A majority of the US House of Representatives voted late Wednesday in favor of a funding bill to reopen the government after a record-breaking 42-day shutdown, sending the continuing resolution to President Donald Trump’s desk for his signature.
It looked as if the government would remain shut down for the foreseeable future, before a group of Senate Democrats and a majority of Senate Republicans voted late Sunday in favor of a nearly 3-month funding measure, abandoning their key demands to end the shutdown, but forcing an (unsuccessful) vote on Affordable Care Act subsidies. The lengthy shutdown slowed the US government’s progress on crypto, but legislators have signaled efforts to continue work on legislation affecting crypto.
The final vote was 222-209, with 216 Republicans and six Democrats voting in favor of the funding measure, which would run through the end of January 2026. The White House announced that Trump will sign the measure at 9:45 a.m. ET.
This week, the Senate Agriculture Committee published an initial draft bill for its portion of major market structure legislation that would define the role of the Commodity Futures Trading Commission in overseeing crypto spot markets, while also scheduling a confirmation hearing for Mike Selig, Trump’s nominee to head that agency.
The restart lets federal regulators resume their work in crypto and other areas, including the Securities and Exchange Commission and the CFTC, both of which furloughed staff during the shutdown. While a group of companies filing to list and trade shares of new exchange-traded funds have begun using a procedural solution to launch projects without requiring explicit SEC approval, the restart will expedite the path for approval of other public listings and similar products.
Other federal agencies, such as the IRS or the Office of the Comptroller of the Currency, could also resume ongoing rulemaking efforts and analyze feedback on those proposals, such as current public reactions to rulemaking associated with the Genius Act.
Read more: US government shutdown extends to record 36 days, threat of derailing crypto bill remains