US Representative: Despite US Government Shutdown, Crypto Market Structure Bill Proceeding as Planned
October 9th — According to Cointelegraph, U.S. Wisconsin Congressman Bryan Steil, one of the original co-sponsors of the House's crypto market structure bill known as the CLARITY Act, said that despite the government shutdown, the Republicans still plan to pass the bill by 2026.
Steil stated in an interview that the Republican legislative plan is still moving forward, aiming to establish regulatory clarity for the digital industry. Senate party leaders have pledged to have the Senate version of the bill signed into law by 2026, but with the U.S. government shutdown now in its eighth day, the industry has expressed concerns about the legislative process.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Plunges 20% Unexpectedly: Unraveling the Causes of Its Wild Price Swings
- BlackRock’s ETF outflows and Bitcoin’s 20% drop to $83,461 in late 2025 highlight market instability. - Macro risks like inflation and Fed rate uncertainty amplify Bitcoin’s volatility amid geopolitical tensions. - SEC’s AI governance rules and stalled ETF approvals add regulatory ambiguity, pushing investors toward hedging strategies. - Bitcoin’s recovery hinges on reclaiming $90,000 support levels as diversified strategies counterbalance risks.
Ethereum Updates: DATs' Repurchasing of Shares Triggers ETH Sell-Offs, Intensifying the Bearish Trend
- FG Nexus sold 11,000 ETH ($33M) to repurchase 8% of shares at $3.45, below its $3.94 NAV, pushing ETH to $2,860. - DATs managing $42.7B in crypto assets face steep NAV discounts, forcing ETH sell-offs to prop up equity valuations. - FG Nexus CEO Kyle Cerminara stated the buyback strategy aims to strengthen balance sheets, but critics warn it risks accelerating ETH’s price erosion. - Ethereum’s 50/100/200-day EMAs remain descending, RSI near oversold 26, with analysts warning a $2,850 break could push ETH
Bitwise launches the first spot XRP ETF on the NYSE
MSCI considers excluding crypto-treasury companies from equity indices
Trending news
MoreCrypto prices
More
