According to @cryptorover, the U.S. government shutdown has reached day 38 and Republicans rejected Democrats’ offer to reopen the government in exchange for a one-year extension of ACA subsidies, source: @cryptorover on X. For context, the 2018–2019 shutdown lasted 35 days, the prior record, source: Congressional Budget Office January 2019 report. During a lapse in appropriations, the SEC operates with limited staff and pauses most reviews of registrations and rule changes, which can delay crypto ETF or exchange filings and shift event-driven timelines, source: U.S. Securities and Exchange Commission Operations Plan Under a Lapse in Appropriations. The 2018–2019 shutdown reduced U.S. real GDP by $11 billion, including $3 billion in permanent losses, underscoring macro headwinds that can impact risk assets and crypto liquidity, source: Congressional Budget Office January 2019 report and International Monetary Fund blog Crypto Prices Move More in Sync With Stocks 2022.

According to @StockMKTNewz, Senate Democrats will lay out a proposal to end the U.S. government shutdown by extending ACA subsidies for one year, per Reuters (source: Reuters via @StockMKTNewz). The headline frames the measure as a shutdown-ending plan, making it an immediate policy catalyst that market participants monitor across equities, rates, USD, and crypto including BTC and ETH (source: Reuters via @StockMKTNewz). The Reuters headline shared by @StockMKTNewz did not include vote timing or House pathway details, so traders will track whether leadership schedules action and whether the proposal attracts bipartisan support (source: Reuters via @StockMKTNewz).