#WeeklyHighlightPosts #GovShutdownCrisisNearsAnEnd?

US Cryptocurrency Legislation Advances: Update as of November 2025.

The government shutdown is expected to end tomorrow, and work continues on the crypto market clarity legislation.

Following GENIUS, new legislation was expected to be passed quickly, but the process has been delayed due to the shutdown, and the legislation is not expected to be ready before the end of this year.

A Senate vote in the first quarter of 2026, followed by 2-3 months of House debate on the draft, and passage in July appears to be the best-case scenario.
The stock market is in decline, and BTC is setting a new daily low. Bitcoin, falling to $103,000, has left the market in the red. In the long run, we will see significant positive results from cryptocurrency laws. Furthermore, as the government shutdown comes to an end, progress is underway, albeit slowly.
The US took its first major step this year with GENIUS, and Trump's signature brought stablecoin legislation into effect. Subsequently, we saw many major financial companies announce their intention to enter the stablecoin business. Banks also joined the bandwagon. In other words, every new regulation translates into increased institutional interest.
The government shutdown is expected to end tomorrow, and lawmakers will quickly resume their work. Republicans, who expected the market structure legislation to be quickly enacted after GENIUS's approval, have not yet received their wishes. While hopes for bipartisan legislation remain, they have significantly diminished. The Senate Banking, Housing, and Urban Affairs Committee was expected to discuss the legislation in late September and mid-October, but the shutdown, which began on October 1st, has put it on hold.
Despite the shutdown, sources say the Senate Agriculture, Nutrition, and Forestry Committee, which is responsible for drafting a portion of the market structure bill affecting the Commodity Futures Trading Commission, is continuing negotiations. Senators John Boozman and Booker are also finalizing the draft market legislation and may gather feedback on it soon.

Progress in the Agriculture Committee indicates that the process is ongoing before the House vote. So, will the new legislation, which will bring clarity to cryptocurrency markets, be finalized this year? No, that's unlikely. With midterm elections next year, there's a seven-month window until August, meaning if the legislation isn't among the top priorities, it might not even be finalized next year.
In the best-case scenario, a Senate vote would take place in the first quarter of 2026, potentially freeing up several months of debate between the Senate and House of Representatives to negotiate differences between the drafts. This is an opportunity to see how much Trump, who faces a growing risk of losing his majority in the Senate and House of Representatives after the midterm elections, values ​​crypto. If he moves to expedite the process by early 2026, the law would be enacted next year. In the opposite scenario, a loss of majority combined with Democrats' continued aversion to crypto would extinguish the potential for a permanent crypto law until Trump's term ends. Indeed, this would be a terrible thing.