Goldman Sachs analysts predict that the U.S. government is "more likely than not" to shut down later this year due to spending disagreements, which could temporarily impact economic growth by reducing it by 0.15-0.2 percentage points per week, with past shutdowns having minimal impact on equity markets.
Crypto became a popular alternative for sex workers who were shut out from traditional banking systems, but the U.S. government's crackdown on crypto is making it increasingly difficult for them to use.
Bitcoin and crypto could experience significant growth in the next few months, with September expected to be a particularly eventful period, including the potential impact of U.S. bitcoin ETF filings and China declaring crypto as "legal property and protected by law."
The Blockchain Association reflects on the past five years of the crypto industry's challenges in Washington D.C. and highlights potential future areas of focus, including anti-money laundering efforts, passing crypto-related legislation, and the possibility of regulatory personnel changes.
Lawmakers in Congress are facing a potential government shutdown at the end of the month, with the possibility of a shutdown becoming increasingly inevitable due to the lack of progress in negotiations and disputes between House Speaker Kevin McCarthy, hardliners in his party, and the US Senate.
The cryptocurrency trading tool, None Trading, has shut down due to a critical exploit, leading to significant financial losses and the inability to continue operations, resulting in a plunge in token value and the closure of the company.
Summary: The United States SEC's Crypto Enforcement Chief, David Hirsch, has warned that more punishment and charges will be brought against crypto exchanges and De-Fi projects that do not comply with the law, targeting not just the top players but the entire industry. The SEC will continue conducting investigations and taking action in the space.
Crypto legislation is unlikely to progress in the current US Senate, according to former Senator Pat Toomey, despite recent progress in the House, although the lack of a clear position from Senate Banking Committee Chairman Sherrod Brown may be seen as a positive sign according to Coinbase's policy chief.
The US government faces a potential shutdown if Congress fails to agree on funding past September 30, which would be the first shutdown since December 2018 and could result in a longer standoff between parties.
The federal government is likely to face a shutdown that will affect various services, disrupt workers' pay, and create political turmoil as Republicans demand deep spending cuts.
The federal government is at risk of shutting down on October 1 if a last-minute spending deal is not reached, potentially leading to delayed paychecks for millions of federal workers and negative effects on the economy, according to the AP.
The publication of major U.S. economic data, including employment and inflation reports, will be suspended indefinitely if the federal government shuts down due to lack of funding, leaving policymakers, investors, and businesses in the dark for key decision-making.
The federal government is on the verge of a shutdown, with potential consequences for various areas of governance.
If U.S. lawmakers don't reach a decision on government spending by Sept. 30, bills focused on crypto regulation, market structure, and stablecoins could be put on hold, potentially impacting the progress of crypto legislation in Congress.
A government shutdown could have dangerous consequences for the nation's cyber defenses and efforts to combat violent crime, warns Deputy Attorney General Lisa Monaco.
If the federal government shuts down, Social Security checks will still be distributed, but numerous publicly funded agencies will stop work, employees won't be paid, and other federal programs and services will be affected.
A government shutdown is looming, and if lawmakers fail to pass a budget or stopgap measure by September 30, federal agencies deemed non-essential will cease operations, impacting federal workers, government benefits recipients, air travel, and the overall economy.
A government shutdown in the U.S. could cause significant disruptions in the stock and bond markets, with the Securities and Exchange Commission being forced to furlough most of its staff and leaving the market oversight at a "skeletal" crew level.
There is a 90% chance of a government shutdown, according to Goldman Sachs, as the deadline looms and little progress has been made in negotiations.
A government shutdown would severely impact the U.S. Securities and Exchange Commission's ability to approve IPOs and respond to market turmoil, according to its chair, Gary Gensler.
SEC Chair Gary Gensler criticized the practices of crypto companies and their handling of customer assets in his congressional testimony, while remaining silent on the SEC's plans for spot bitcoin ETFs after a recent legal setback. Gensler also noted that the agency has not yet decided how to proceed with a judge's ruling regarding bitcoin ETF applications. Additionally, Gensler mentioned that the SEC is preparing for a potential government shutdown, which would significantly slow down reviews and approvals of filings.
A potential government shutdown is causing some investors to worry, contributing to the stock market's recent dip, but experts believe the impact on asset markets is already priced in, while previous shutdowns have shown to have little long-term effect on stocks.
The Securities and Exchange Commission is still considering Bitcoin exchange-traded funds, but a potential government shutdown could cause delays.
Federal agencies are warning their workers of a possible government shutdown, where employees may not receive pay, if Congress fails to reach a funding deal by the end of September 30th.
The U.S. government is facing a potential shutdown if Congress does not resolve a deadlock by this weekend, which would result in furloughs or unpaid work for federal workers and military employees, but experts believe the impact on the economy and stock market will be short-lived.
Bitcoin and other cryptocurrencies are rising as traders are optimistic about the potential of a US government shutdown, despite the risk of liquidity drainage.
A government shutdown is looming as lawmakers have until the end of the day Saturday to reach a deal or the U.S. will face one of the largest government shutdowns in history, impacting millions of workers and services.
A government shutdown could lead to disruptions in food aid, air travel, and financial markets, and increase the risk of cyber attacks on critical financial infrastructure, according to Karen Petrou of Federal Financial Analytics Inc.
The upcoming trial of crypto king Sam Bankman-Fried may be affected by a potential federal shutdown caused by far-right House Republicans obstructing a government funding bill. While the immediate impact may be minimal, an extended shutdown could disrupt the trial and cause problems for the court system.
The United States government is at risk of a partial shutdown, which could impact the progress of crypto bills and hinder the functioning of financial regulators.
The leadership mess in the U.S. House of Representatives could disrupt crypto legislation, casting uncertainty on the industry's hopes for clear regulatory rules and leaving it at risk of being sidelined as a volatile financial sector. The budget debate and the search for a new speaker of the House may delay progress, but there is still a possibility for crypto bills to advance before the end of the year. However, the Senate remains a hurdle, as there is limited enthusiasm among senators for crypto legislation.
Bitcoin and other major cryptocurrencies are struggling to maintain their early 2023 gains due to the U.S. government's crackdown on crypto, prompting billionaire hedge fund manager Paul Tudor Jones to stockpile bitcoin and gold amid the "cataclysmic" fiscal situation in the country.
