Trump Signs Funding Bill, Ending US Government Shutdown
Background to the Shutdown
US President Donald Trump has signed a funding bill, formally concluding the longest government shutdown in US history at 43 days. The measure, which passed the Senate on Monday and the House of Representatives on Wednesday, was enacted by Trump within hours to restore government operations. Healthcare funding had remained a major area of disagreement, with Democrats seeking increased support and Republicans aiming to revisit the matter post-approval.
After signing the bill, President Trump commented, “I’m always willing to work with anyone, including the other party,” as reported by Cointelegraph. The bill secures government funding through January 30, giving both parties additional time to negotiate a longer-term funding agreement for fiscal years extending into 2026.
Market Reaction and Crypto Sector Impact
The end of the government shutdown has direct implications for US regulatory agencies linked to cryptocurrency oversight. Staff at the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are set to return to work, paving the way for resumed processing of regulatory applications. Several crypto ETF issuers have been awaiting SEC verdicts on proposed spot-crypto exchange-traded funds.
Meanwhile, the CFTC is moving ahead with plans, including a November 19 confirmation hearing for Mike Selig, nominated by Trump to head the agency. The US Treasury can also progress with reviewing public comments collected for the GENIUS Act, a stablecoin-focused legislative proposal.
Despite the resumption in government operations, Bitcoin and the broader crypto market have shown minimal price movement. Historically, reopenings have sometimes triggered significant market rallies, but this time, market response has remained subdued.
What’s Next for US Funding and Crypto Regulation
The newly enacted funding bill maintains government operations until January 30, allowing lawmakers time for broader negotiations over future fiscal planning. Unresolved issues, particularly around healthcare and longer-term appropriations, are expected to dominate discussions in the coming weeks.
The reopening of regulatory agencies such as the SEC and CFTC is anticipated to accelerate decisions on pending crypto ETFs and advance the review of new crypto regulations. With agencies back to work and new hearings on the horizon, market participants are watching for updates that could influence the digital asset space.
For more news about cryptocurrency regulations and market updates, visit our cryptocurrency section.
Sources
Reporting via Cointelegraph
