U.S. Government Shutdown Ends? House Clears Bill After 60–40 Senate Vote
The US government shutdown is nearing an end after the House Rules Committee approved a Senate-backed funding bill. The committee...
Quick overview
- The US government shutdown is nearing an end as the House Rules Committee approved a Senate-backed funding bill, allowing a full House vote soon.
- Key Democratic amendments were rejected, which could complicate the bill's passage and delay the process further.
- Analysts predict a positive market reaction once the shutdown is resolved, with historical examples showing significant rallies following previous shutdowns.
- The Senate Committee is also pushing for clearer regulations in the crypto sector, which could enhance market stability and liquidity.
The US government shutdown is nearing an end after the House Rules Committee approved a Senate-backed funding bill. The committee voted 8-4 along party lines to advance a rule that allows the full House to vote on the legislation, which could happen as early as Wednesday afternoon. This follows Monday’s Senate vote, where the bill passed 60-40, aiming to restart federal spending and reopen several programs that have been shut down for weeks.
Key Amendments Rejected, Vote Expected Soon
But in a turn of events, a bunch of key Democratic amendments didn’t go through – like one that would’ve extended health insurance subsidies that are on the verge of running out and another that would’ve blocked a law that lets senators sue for half a million bucks if law enforcement agencies get their hands on their data. They were warned that if the amendments are passed, the bill will be sent back to the Senate, and that would be a whole other ball game.
House Speaker Mike Johnson is urging people to come back to Washington as soon as possible because of travel disruptions that could come from FAA restrictions – and to make matters worse, both the House and Senate were closed for Veterans Day yesterday, so it’s looking like they won’t be able to vote until Wednesday.
- Bipartisan support in the Senate was a major breakthrough, considering all those negotiations over the last few weeks had fallen flat, and they had to try again 14 times before getting it right.
- A group of 8 Democratic senators actually worked out a compromise on the bill.
- The funding provided under the proposal would remain in effect until January 30th, pending House approval and the President’s signature, of course.
What a Government Reopening Could Mean for the Markets
Analysts expect the market to react positively once the shutdown is resolved. It’s common to see a market rally after a government shutdown ends because, at the end of the day, the return of government and the people who work in it brings much-needed liquidity and confidence back to the market.
Some notable examples from history include:
- Bitcoin surged 266% in just 5 months, the last time a shutdown was over.
- XRP was mentioned by Sistine Research as a potential big winner
- Right now, Bitcoin prices are hovering around $103,000 and are down about 14% since early October due to the shutdown and trade tensions.
When the government returns to work, it’s expected to help stabilize market sentiment, which will have a positive impact on both traditional stocks and digital assets—like Bitcoin & Co.
The Push for Crypto Regulation
Just as the shutdown news broke, there was also a push for much-needed clarity in the crypto sector. The Senate Committee recently released a draft bill, the Crypto Asset Market Clarity Act, that would give the Commodity Futures Trading Commission significantly more power to oversee digital assets.
Experts are saying:
- Having the CFTC in charge could really reduce market uncertainty
- With the government back up and running, digital asset liquidity is likely to go up
- The resumption of federal agencies could also help accelerate support for crypto & blockchain projects
Investors are keeping a close eye on market indicators and regulatory developments as the shutdown draws to a close. The next few days could say a lot about the post-shutdown environment and how both traditional and digital assets are going to perform.
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