A majority of the US House of Representatives voted in favor of a funding bill to reopen the government late Wednesday after a record 42-day shutdown, sending the continuing resolution to President Donald Trump’s desk for his signature.
The government appeared to remain shut down for the foreseeable future before a group of Senate Democrats and the majority of Senate Republicans voted in favor of the roughly 3-month funding measure late Sunday, abandoning their central demand to end the shutdown but forcing a (failed) vote on Affordable Care Act subsidies. The long shutdown slowed the US government’s progress on crypto, but lawmakers 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 will last through the end of January 2026. The White House announced that Trump would sign the measure at 9:45 PM ET.
This week, the Senate Agriculture Committee released a first draft bill for their piece of key market structure legislation that would define the Commodity Futures Trading Commission’s role in overseeing crypto spot markets, as well as scheduled a confirmation hearing for Mike Selig, Trump’s nominee to lead that agency.
The restart also allows federal regulators to resume their work around crypto and other areas, including the Securities and Exchange Commission and the CFTC, both of which saw staff laid off during the shutdown. While a group of companies filing for IPOs and trading shares in new exchange-traded funds began using a procedural solution to launch projects without requiring explicit SEC approval, the restart will speed the way for approvals for other public listings and similar products.
Other federal agencies such as the IRS or the Office of the Comptroller of the Currency may similarly resume ongoing rulemaking efforts and analyze feedback on these proposals, such as current public responses to rulemaking related to the GENIUS Act.
Read More: US Government Shutdown Extends to Record 36 Days, Risk Continues to Derail Crypto Bill
