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Hassan Shittu
Journalist
Hassan Shittu
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The US government is officially back in business after President Donald Trump signed a bipartisan funding bill late Wednesday night, ending the 43-day shutdown which starts on October 1st.
The bill, that cleared the Senate on Monday and past the House of Representatives on Wednesday with a narrow vote of 222-209, will restore funding for federal agencies until January 30, 2026.
The United States Reopens for Business – What the End of the Shutdown Means for Crypto
The shutdown, the longest in US history, had brought much of the federal government to a standstill, laying off about 700,000 federal employees and delaying the paychecks for hundreds of thousands of others.
Essential operations, including food aid and air travel services, have been severely curtailed.
After signing the bill, President Trump he said he was “always willing to work with anyone, including the other party,” signaling an openness to future negotiations on health care, one of the main points of contention that caused the funding block.
The deal comes after weeks of political gridlock between Republicans, who have pushed for a clean funding bill, and Democrats, who have sought an increase in health care subsidies under the Affordable Care Act.
The passage of the bill brings immediate relief to federal workers and agencies, including those critical to the crypto industry.
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), both had suspended most of their operations, now they are expected to resume work on pending applications and legislation in cryptography.
Dozens of crypto exchange-traded funds (ETFs), including those linked to Bitcoin, Solana and XRP, have been awaiting SEC approval since the shutdown began. Bloomberg Intelligence estimates that more than 130 crypto ETF archives were frozen during the shutdown.
Analysts now expect a backlog review process, with files likely to move forward in the coming days.
Grayscale legal director Craig Salm said the SEC could either allow pending ETF registrations to become effective automatically or re-engage with issuers to review comments that were suspended during the funding lapse.
Government Reopening Brings Relief to Crypto Markets; Bitcoin Holds Above $100K
The reopening is also expected to strengthen progress over the long-awaited Act of Claritya legislative effort to establish clearer market structure rules for digital assets.
Work on the project it was stopped for more than six weekssince agency staff were unable to provide input.
Meanwhile, the Senate Agriculture Committee, which oversees the CFTC, is set to move forward with the nomination hearing for Mike Selig, Trump’s choice to head the agency. This signals potential progress for the spot crypto markets.
The arrest ends with the announcement of a one-year trade truce between the United States and China, covering tariffs, rare earth exports, and agricultural procurement.
The temporary resolution eases some of the geopolitical uncertainty that had weighed on markets until October, setting the stage for better investor sentiment in November.
Reopening the government will restore liquidity to the wider economy. Federal employees will receive back pay, while the resumption of food aid, infrastructure projects and public programs could boost consumer spending.
For crypto markets, this could help restore trading volume and confidence that had been diluted during the shutdown.
Despite the historic news, crypto markets have so far reacted cautiously. Bitcoin is trading at $103,039, down 1.4% in the last 24 hours and 7.5% in the past week, with daily trading ranging between $100,836 and $105,297.
Its market capitalization remains above $2 trillion, reinforcing its dominance despite a 19% drop from its October peak of $126,198.
The global crypto market capitalization is $3.57 trillion, down 0.9% in the last 24 hours.
