The U.S. government shutdown has entered its 36th day, and the progress of the regulation bill for the crypto market has been significantly hindered. Based on the current situation, the likelihood of this bill passing before 2025 is already very low.

Several key points:

1. After gaining an advantage in the midterm elections, the Democratic Party has taken a tougher negotiating stance.

2. The government shutdown has completely halted the drafting of bills.

3. It is widely expected in the industry that the legislation may be delayed until 2026.

Although the Trump administration is still pressing for completion before 2025, the reality is that even basic drafting is difficult to advance. The Blockchain Association also acknowledges that the likelihood of the bill being postponed is increasing.

Impact on the market:

- In the short term, the slowdown of the legislative process may delay the clarification of regulations.

- However, in the long term, more mature legislative discussions may not necessarily be a bad thing.

- Project parties need to be prepared to deal with a more complex regulatory environment.

What does everyone think about the impact of this delay? Is it a benefit or a drawback?

#加密监管 # Policy Dynamics #Market Analysis