U.S. Senate Struggles to End Government Shutdown
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Key Points: U.S. Senate nears a vital vote risking shutdown delays. Senate procedural vote could extend debate by 30 hours. Potential implications for crypto markets from funding uncertainty. The U.S. Senate conducts a decisive procedural vote aiming to end the government shutdown, contingent on amending three funding bills, while market volatility looms amid legislative delays. Potential disruptions in crypto markets are anticipated, with key assets like BTC, ETH, and stablecoins affected by ongoing fiscal uncertainty and possible extended U.S. government funding debates. Senate Vote Holds Key to Ending Shutdown Debate extensions could delay federal payments and budget allocations, causing ripple effects across markets. During previous shutdowns, cryptocurrency assets like BTC and ETH experienced short-lived volatility. The uncertainty introduces potential risks for stablecoin liquidity and DeFi governance tokens with high regulatory exposure. Senator Elissa Slotkin (D-MI) publicly opposed expediting the vote, citing healthcare cost concerns. Meanwhile, at least eight Democrats remain supportive, but Republicans require additional affirmative votes from the other side to succeed. The outcome remains uncertain as internal discussions continue in both parties. Tonight, I am voting no on a procedural vote on an appropriations deal that would re-open the government. … The promise of a vote in over a month does not meet that threshold. – Elissa Slotkin, Senator, Michigan Crypto Markets Brace for Shutdown Impact Did you know? During the 2018-2019 U.S. government shutdown, the market observed increased volatility in bitcoin prices, with significant liquidity stresses in stablecoins such as USDC and USDT, impacting DeFi protocols integrated with these assets. Bitcoin (BTC) is currently trading at $105,922.03, with a market cap of $2.11 trillion, capturing 59.11% market dominance, as reported by CoinMarketCap. The recent 24-hour trading volume reached $67.10 billion, marking a 4.12% rise in price. Over the last 90 days, bitcoin experienced a 10.96% decline, emphasizing…
Filed under: News - @ November 10, 2025 3:22 am