Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The longest closure in U.S. history has come to an end.

robot
Abstract generation in progress

Source: BTCHaber Original Title: The longest shutdown in U.S. history has ended Original Link: U.S. President Donald Trump officially ended the federal government shutdown that had been ongoing for 43 days by signing the funding bill that passed through the House of Representatives on Wednesday. The federal government in the U.S. had to shut down due to budget disputes between Democrats and Republicans, resulting in thousands of public employees being put on unpaid leave.

Many critical developments, including macroeconomic data from the US closely followed by both the stock and crypto markets, have been on hold for the past 43 days.

The funding bill signed by Trump passed the Senate on Monday and was approved in the House of Representatives on Wednesday. Under the bill, funding for the federal government is secured until January 30. This allows federal agencies to resume their activities while providing additional negotiating time for ongoing budget discussions between Democrats and Republicans for the year 2026.

Eyes on US regulatory agencies

After the reopening of the federal government, industry stakeholders awaiting decisions or actions from U.S. regulatory agencies have their eyes set here. Indeed, employees of the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission will return to their duties. In addition to the issuing companies queuing to list cryptocurrency exchange-traded funds as ETFs, investors are also focused on these two agencies.

Patience was running out in US domestic politics

The federal government shutting down in the U.S. has happened throughout history, but never for this long. Not only did the economic world feel the impact, but the U.S. domestic policy also experienced turbulent days due to the prolonged shutdown. The federal government employees who did not receive their salaries left their jobs during this period, directly affecting daily life in the country. Flights were delayed for hours due to critical positions, such as air traffic controllers, leaving their jobs. In some airports, delays reached six to seven hours, provoking public reaction. In response, Trump offered a $10,000 check for each “patriotic controller employee” who did not leave their post.

Those expecting a rally from the crypto market have been disappointed for now.

In the cryptocurrency market, the end of the shutdown was received relatively positively for now, but expectations were for a small rally immediately after the decision. However, as these lines are being written, the total value of the cryptocurrency market was at 3.42 trillion dollars. The world's largest cryptocurrency by market capitalization, Bitcoin, also displayed a sideways performance, while Ether, the cryptocurrency of the Ethereum blockchain, which experienced a sharp decline in recent days, rose by 2.66% after the decision.

BTC-9.29%
ETH-9.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
GasFeeBeggarvip
· 11-19 01:52
The 43-day shutdown is finally over, and now Congress can continue to stir things up. I am really looking forward to the next political drama.
View OriginalReply0
HodlAndChillvip
· 11-19 01:51
43 days, this political game is really something 💀 It's finally over, right?
View OriginalReply0
DecentralizedEldervip
· 11-19 01:39
It has been 43 days, this shutdown has been quite a hassle... Trump finally signed it, and the U.S. government has come back to life.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)