According to @GOPMajorityWhip, the U.S. House has sent a government funding bill to the President to reopen the government, signaling a potential near-term resolution of the shutdown. Source: @GOPMajorityWhip on X, Nov 13, 2025. If signed, funding would avert shutdown curtailments documented by federal market regulators, restoring normal SEC filing reviews and CFTC oversight relevant to crypto markets, including CME Bitcoin (BTC) and Ether (ETH) futures. Source: U.S. SEC "Operations Plan Under a Lapse in Appropriations" (2023); CFTC "Procedures in the Event of a Lapse in Appropriations" (2023); CME Group product listings for BTC and ETH futures.

According to @EleanorTerrett, Senator John Boozman said the Senate Agriculture Committee is committed to holding a markup for its market structure bill in early December, indicating a near-term procedural milestone for U.S. digital asset regulation, source: Eleanor Terrett on X, Nov 12, 2025. The Senate Agriculture Committee oversees the CFTC, making this markup particularly relevant for proposals that could expand CFTC authority over digital commodity spot markets, source: U.S. Senate Committee on Agriculture, Nutrition, and Forestry official site and Office of Senator John Boozman press release on the Digital Commodities Consumer Protection Act (2022). A committee markup is the formal session to debate and amend bill text before a vote, which traders track for timing signals on regulatory clarity, source: Congressional Research Service report on Senate committee markups. For positioning, monitor the committee calendar for the final date and any released text or amendments, and note that crypto-exposed equities and exchanges highlight regulatory change as a material business risk, source: U.S. Senate Agriculture Committee calendar and Coinbase Global, Inc. Form 10-K risk factors.

According to the source, Senate Agriculture leaders are advancing a plan to place U.S. crypto spot trading under CFTC oversight (source: the source post dated Nov 11, 2025). The CFTC currently regulates commodity derivatives, not comprehensive crypto spot markets, as described in the agency’s mission and authority statements (source: CFTC.gov). A prior bipartisan proposal, the 2022 Digital Commodities Consumer Protection Act led by Senators Stabenow and Boozman, outlined granting the CFTC authority over digital commodity spot markets and registering spot platforms (source: U.S. Senate bill S.4760, 117th Congress, 2022). Under that framework, federal market surveillance, customer asset safeguards, and platform registration requirements are central features that materially affect trading costs, liquidity distribution, and venue selection for U.S.-facing spot markets (source: U.S. Senate bill S.4760, 117th Congress, 2022). The source did not provide current bill text or implementation timelines, so the scope, token definitions, and transition details remain unspecified at this stage (source: the source post).

According to the source, the US Senate Committee on Agriculture, Nutrition, and Forestry released a draft bill on crypto market structure on Nov 10, 2025. Source: the source. The committee has jurisdiction over the Commodity Futures Trading Commission, which regulates U.S. derivatives markets including crypto futures, making this draft directly relevant to market structure oversight and exchange compliance. Source: U.S. Senate Committee on Agriculture, Nutrition, and Forestry; Commodity Futures Trading Commission.

According to @EleanorTerrett, the Senate Agriculture Committee has released a bipartisan crypto market structure discussion draft on Nov 10, 2025 (source: @EleanorTerrett on X, Nov 10, 2025). According to @EleanorTerrett, the announcement confirms the document is a discussion draft from the committee, indicating formal movement in U.S. crypto market-structure policymaking (source: @EleanorTerrett on X, Nov 10, 2025). According to @EleanorTerrett, the post does not include the draft text, scope, or timing details, so traders can currently confirm only the release event and should await the full document for specifics on market structure implications (source: @EleanorTerrett on X, Nov 10, 2025).