BREAKING: Senate Deal Revives Federal Services—Just Before Holiday Shutdown Drama

Washington's favorite circus act—government shutdown threats—gets an 11th-hour reprieve as senators finally agree to keep the lights on.

Back from the Brink

After weeks of political gridlock, federal services will resume normal operations. No thanks to the usual partisan theatrics—just sheer exhaustion from both sides.

Crypto Angle? Always.

While bureaucrats scramble to unfreeze budgets, Bitcoin barely flinched. Because decentralized networks don’t care about Senate tantrums—or the inevitable next crisis in three months.

The Real Winner

Short-term Treasury traders, already pricing in the next shutdown panic. Some things never change—except your portfolio if you’d just gone all-in on ETH last year.

In Brief

• The US Senate adopts a budget law aimed at ending more than 40 days of federal shutdown.
• This text, awaiting validation by the House of Representatives, would fund the state until January 31, 2026.
• The reopening of the SEC is expected as soon as the law comes into force, reviving strategic crypto cases.
• Several important decisions, including those on spot Bitcoin ETFs, were delayed by administrative paralysis.

A decisive vote in the Senate to end the governmental stalemate

On Monday evening, the US Senate voted on a temporary budget law aimed at reopening all federal services paralyzed for more than 40 days because of the shutdown.

This text, titled “continuing appropriations and extensions for fiscal year 2026”, was adopted by 60 votes to 40, thanks to the rally of several Democratic senators to the Republicans. It WOULD fund institutions until January 31, 2026, subject to its adoption in the House of Representatives, where the vote is expected as early as this Wednesday.

The US Senate held a late-night vote on the bill […] which was adopted by 60 votes to 40 in the chamber. The text must then be signed into law by President Donald Trump.

This gradual unblocking should lead to the reopening of federal agencies, including the Securities and Exchange Commission (SEC), which until now operated with very reduced staff. Indeed, the SEC’s emergency plan provides that its employees can return on the business day following the enactment of the funding law. Full resumption of activities could thus occur by the end of the week. Here are notable points :

• The shutdown, of a record duration of more than 40 days, caused an almost total freeze of administrative operations, including those related to the review of crypto cases ;

• Key regulatory decisions, notably regarding spot Bitcoin ETFs, were put on hold ;

• Polymarket, a decentralized forecasting platform, estimates that the return to normal operations could happen on Friday, if the legislative schedule is respected.

A legislative window for the crypto bill under discussion

Beyond the simple resumption of administrative activities, this return to normalcy could revive another key issue for the crypto industry : the regulation of digital markets. Alongside the budget vote, the leaders of the Senate Agriculture Committee unveiled a crypto market structure bill on Monday.

This text, awaited for several months, follows a version already passed by the House of Representatives about four months ago. It is an ambitious legislative project, notably aiming to clarify the respective roles of the SEC and the CFTC, and to establish a coherent legal framework for platforms, DeFi, stablecoins, and crypto derivatives.

The shutdown having slowed down these discussions, its resolution could accelerate the parliamentary schedule. However, the political clock is ticking. North Carolina Republican Senator Thom Tillis warned against postponing the adoption of the text beyond January or February. “Pushing the vote beyond January or February could make the text vulnerable”, he warned. This results in strong pressure on legislators to MOVE forward quickly.

This law could mark a turning point in crypto regulation in the United States. If adopted, it would provide sector actors with better legal visibility and could encourage institutional investments. Conversely, a new political deadlock or a delay linked to the electoral agenda could extend the current regulatory uncertainty, in a context where the United States already face competition from other more advanced jurisdictions, such as the European Union with MiCA.

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