According to @EleanorTerrett, seven Senate Democrats and Independent Sen Angus King joined Republicans to reach the 60 votes required to invoke cloture, ending a weeks long stalemate and advancing a government funding vote. According to Chad Pergram, the follow up vote could come as soon as tomorrow. According to the US Securities and Exchange Commission Operations Plan for a Lapse in Appropriations, most registration reviews, rulemaking and some enforcement are curtailed during a shutdown and resume when funding is restored. According to the Commodity Futures Trading Commission Lapse in Appropriations Plan, staffing and market oversight return to normal upon funding, affecting derivatives surveillance and approvals relevant to crypto markets. According to the SEC and CFTC contingency plans, a reopening would restore processing timelines that matter for crypto related filings and oversight, a near term catalyst for BTC and ETH traders.

According to paulgrewal.eth, the U.S. Senate has called for cloture, signaling a decisive step toward concluding debate on a key legislative bill that could impact cryptocurrency regulation and market structure (source: twitter.com/iampaulgrewal, May 8, 2025). Traders should monitor developments closely, as a successful cloture vote typically accelerates the legislative process, potentially introducing new compliance requirements or opening doors for institutional investment in digital assets. Immediate market volatility is possible as investors react to the regulatory clarity or uncertainty that follows such Senate actions.