Bitcoin price boom isn’t guaranteed after US shutdown: Here’s why
The end of Trump’s last US government shutdown back in 2019 saw a boom in crypto markets, but things are a bit different this time around.
Crypto market observers are preparing for price movements as the historical US government shutdown seems within sight.
The US government is still technically shut down as of publishing time, but a continuing resolution that would fund critical government services through January has made its way from the Senate to the House of Representatives.
The shutdown affects a number of vital federal functions, including the ability for securities and commodities regulators to approve crypto listings. Lawmaking has also ground to a halt, with the possibility of the crypto framework bill passing by year’s end becoming ever smaller.
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