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Bitcoin Updates: Senate Concludes 43-Day Stalemate—Crypto Markets Recover, ETFs Await Approval

Bitcoin Updates: Senate Concludes 43-Day Stalemate—Crypto Markets Recover, ETFs Await Approval

Bitget-RWA2025/11/14 19:48
By:Bitget-RWA

- U.S. Senate passes funding bill to end 43-day government shutdown, awaiting House approval to restart SEC/CFTC operations by Thursday. - Crypto markets surge with Bitcoin up 1.8% as ETF reviews and enforcement actions resume, ending regulatory limbo for the sector. - Stablecoin infrastructure gains traction: Circle's USDC blockchain attracts Deutsche Börse, OwlTing reports $19.4B in 2025 payment volumes. - Grayscale files for GBTC IPO while CLARITY Act revival looms, signaling institutional confidence am

After 43 days of halted regulatory processes and stagnant crypto markets due to the U.S. government shutdown, a resolution seems imminent as the Senate approved a funding measure on Monday. The bill, which received support from both parties, now heads to the House for a vote, with experts anticipating a swift conclusion. Should the legislation pass both chambers, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) could be back in action as soon as Thursday,

. The crypto sector reacted positively, with jumping 1.8% to $106,399 and other cryptocurrencies rising as .

The conclusion of the shutdown would represent a significant shift for the digital asset industry, which has been in a state of regulatory uncertainty since October. During the shutdown, the SEC and CFTC

, causing delays in key decisions regarding spot Bitcoin and ETFs, as well as enforcement actions against platforms operating without registration. With full staffing restored, , including those for crypto ETFs and new rules for stablecoins. for Circle’s stablecoin to as its Arc blockchain—designed for stablecoin transactions—nears its debut. Deutsche Börse and Finistra have already expressed interest in the network, which could strengthen USDC’s position against Tether’s .

Stablecoin infrastructure is also in the spotlight as companies seek to benefit from increasing payment activity. OwlTing, a provider of stablecoin infrastructure,

and is working on systems that can process payments in seconds at minimal cost. Meanwhile, Grayscale, which manages the Grayscale Bitcoin Trust (GBTC), has submitted an IPO application, joining other crypto-focused firms like Circle in seeking to enter U.S. public markets. This move highlights growing institutional trust in the industry, even as digital asset treasury companies such as Solana-centric Upexi initiate share repurchases to help stabilize their market value.

The reopening of the government may also speed up progress on the CLARITY Act, a long-delayed legislative framework for crypto regulation. Although the bill’s future is still unclear,

would provide a more stable environment for crypto businesses dealing with regulatory ambiguities. For now, attention remains on ETF approvals and clearer enforcement. ETHZilla, a company focused on DeFi, from Ethereum staking and DeFi activities, but also recorded a $208.7 million net loss due to non-cash asset write-downs.

As the House gets ready to vote on the funding bill,

. Any delay in passing the bill could prompt a risk-averse selloff, especially among alternative coins, while a prompt approval would likely support the ongoing rally in the sector. The next few days will reveal whether the crypto market can maintain its optimism in the face of wider economic challenges, such as .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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