Shutdown Stalls U.S. Crypto Market-Structure Bill as Senate Weighs Reopening Vote

Overview

• The federal funding lapse reached day 38, freezing committee work and sidelining the Digital Asset Market Structure effort.
• The Senate set a vote on a continuing resolution to reopen agencies, requiring 60 votes with the outcome uncertain after earlier failed attempts.
• The proposal is known as the CLARITY Act in the House and the Responsible Financial Innovation Act in the Senate, aiming to establish a comprehensive U.S. crypto framework.
• Senator Cynthia Lummis’ plan for Banking and Agriculture Committee action in September and October has slipped, reducing chances for near-term movement.
• The House approved the Digital Asset Market Clarity Act in July and sent it to the Senate in September, where action has stalled during the shutdown.