🧵 1. US House rejects funding bill, signaling potential gov’t shutdown. Crypto bills could take a backseat to other policies. #politics
🧵 1. US House rejects funding bill, signaling potential gov’t shutdown. Crypto bills could take a backseat to other policies. #politics
🧵 2. If a shutdown occurs, financial regulators like SEC and CFTC would operate with limited staff. Crypto enforcement and oversight could be affected.
🧵 3. Crypto-focused bills, including FIT Act and Blockchain Regulatory Certainty Act, may face delays if a shutdown happens. No amendments or floor votes can take place.
🧵 4. Congressional priorities will shift due to shutdown, and distractions from upcoming elections may arise. Crypto issues may lose traction in the midst of other urgent matters.
🧵 5. Treasury Secretary Janet Yellen warns of the economic consequences of a shutdown, criticizes House Republicans for inaction. Shutdown labeled as "dangerous and unnecessary."
🧵 Read more at: https://cointelegraph.com/news/industry-leaders-policymakers-government-shutdown