• The US government is heading towards a potential partial shutdown starting on October 1.
• A government shutdown would halt all nonessential activities of federal agencies and departments.
• Crypto bills may be put on hold and financial regulators would operate with limited staff during a shutdown.
• Congressional priorities and attention may shift away from crypto and other issues could arise.
• Lawmakers have voted on several crypto-focused bills, but no action can be taken during a shutdown.
• Treasury Secretary Janet Yellen has voiced opposition to a government shutdown.
• Democratic and Republican lawmakers have criticized each other regarding oversight of the SEC and government funding.
• The longer the shutdown, the less time Congress has to vote on crypto-related proposals.
• The price of Bitcoin has dropped below $27,000, while the price of Ether has increased above $1,600.
• The SEC’s decision to delay spot Bitcoin ETFs has not affected the price of Bitcoin.
• Firms have announced their intention to launch ETFs tied to Ether futures in October.
