Industry executives and policymakers speak out on a possible U.S. government shutdown

A WE. government close East not inevitable, but even if A hard For just hours Or days, the legislators priorities on their back can not be digital assets.

THE United States Home of Representatives has rejected A Invoice pass by THE Senate aiming has funding THE government, And Speaker Kevin McCarthy proposals to have SO far failed has earn traction with completely to the right the legislators In THE Home — all Actions suggesting that THE WE. government East title towards has less A partial close departure on October. 1.

A WE. government close, which occurs When Congress failed has pass legislation For funding For THE following tax year, would be Effectively stop all federal agencies And departments Since TO DO Nothing considered “non-essential.” Even if THE close were has only last A matter of hours — A In FEBRUARY 2018 lasted less that A day — crypto invoices can take A back seat has other Strategies among the legislators once activities resume.

Invoices For THE GOOD Or I will of digital assets would be be stopped in the middle of A close, And financial regulators, including THE Securities And Exchange Commission And Merchandise Futures contracts Trade Commission, would be be running on A skeleton crew. Following A 2019 close, Cointelegraph reported that SECOND civil servants had limit abilities For enforcement And monitoring.

"In THE consequences of A close, he East not clear What problems will increase has THE high of THE priority list In terms of gathering Congress interest," Sheila Warren, CEO of THE Cryptocurrency Advice For Innovation, said Cointelegraph. "Apart Since funding THE government, Congress faces A number of statutory time limit which will require additional legislative action Before THE END of THE year.“

In July, the legislators with THE Home Financial Services Committee vote has pass THE Financial Innovation And Technology For THE 21 Century Act (ADJUST), THE Blockchain Regulatory Certainty Act, THE Clarity For Payment Stablecoins Act And THE Keep Your Coins Act. Should A close occur, No action can be taken on these crypto-...