US gov shutdown ‘likely’ to end this week: Trump adviser

The three-week US authorities shutdown will “possible finish someday this week,” in keeping with a White Home financial adviser, probably reviving progress on crypto regulation.

“I believe Schumer’s shutdown will in all probability finish someday this week,” Hassett advised CNBC’s Squawk Field phase on Monday, referring to Senate Minority Chief Chuck Schumer, who Republicans have pointed the finger at for inflicting the federal government shutdown.

“The average Democrats will transfer ahead and get us an open authorities, after which we are able to negotiate frequently on no matter insurance policies they need to pursue,” he added.

If that fails, the Trump administration may impose “stronger measures” to power Democrats to cooperate, mentioned Hassett, a cryptocurrency advocate who disclosed property value greater than $1 million in Coinbase earlier this yr.

He’s additionally amongst Trump’s prime three picks to exchange Jerome Powell as Federal Reserve chairman in Might 2026.

Supply: CNBC

The federal government shutdown has halted the momentum of altcoin ETFs

The US authorities shutdown – which started on October 1 – is at the moment in its twentieth day, the third longest within the nation’s historical past.

Many exchange-traded fund purposes for Litecoin (LTC),

Different crypto developments are seemingly ready for the shutdown to finish. US lawmakers met with Technique’s Michael Saylor and seventeen different trade leaders in mid-September to debate how Congress can transfer ahead with Trump’s Strategic Bitcoin Reserve.

A significant matter of debate at that assembly was about how the Cynthia Lummis-sponsored BITCOIN Act can facilitate Bitcoin purchases in budget-neutral methods.

Democrats meet with crypto executives this week

Nevertheless, the federal government shutdown has not fully halted regulatory progress. Democratic senators will reportedly host a roundtable on Wednesday with trade leaders from Coinbase, Circle, Ripple and others to debate the right way to advance the proposed US crypto market construction regulation.

Associated: The U.S. Senate confirms a Treasury Division official as the federal government shutdown continues

Regardless of Hassett’s optimism, Polymarket estimates there’s a 71% likelihood the shutdown will last more than 30 days, till at the least October 31.

There’s a good likelihood that the US authorities shutdown will last more than thirty days or not. Supply: Polymarkt

Journal: Evaluation: The Satan Takes Bitcoin, A Wild Historical past of Mt. Gox and Silk Highway