Industry executives and decision-makers comment on a probable US government shutdown.
The inevitability of a government shutdown in the United States remains uncertain, yet even if such an eventuality were to last mere hours or a few days, the subsequent priorities of lawmakers may not gravitate toward the realm of digital assets. The United States House of Representatives has cast aside a Senate-approved bill designed to fund government operations. Speaker Kevin McCarthy’s propositions have thus far failed to garner support from the hard-right faction within the House. These actions collectively indicate that the U.S. government is poised for at least a partial shutdown commencing on October 1. A U.S. government shutdown occurs when Congress fails to pass legislation for funding the forthcoming fiscal year. Such an event would effectively grind to a halt all nonessential activities of federal agencies and departments. Even if this shutdown were to endure for a brief period—similar to the one witnessed in February 2018, which lasted less than a day—crypto-related ...