How a US government shutdown will impact XRP
The post How a US government shutdown will impact XRP appeared on BitcoinEthereumNews.com. The probability of a US government shutdown has climbed to levels not seen in years, with prediction market Kalshi pricing a 73% chance that lawmakers fail to pass a funding bill before the Oct. 1 fiscal deadline. The sharp increase reflects weeks of gridlock in Congress and President Donald Trump’s decision to cancel budget negotiations with Democratic leaders, which narrowed the path toward compromise. Federal agencies will lose authority to spend if lawmakers fail to reach an agreement by midnight on Sept. 30. Consequently, nonessential operations would close, echoing the 34-day standoff during Trump’s first term, which furloughed hundreds of thousands of workers. US Government Shutdown Considering this, both parties have pointed fingers over the impasse. Former President Barack Obama argued that “Republicans would rather shut down the government than help millions of Americans afford health care.” However, the White House countered that Democrats are pushing the nation “to the brink” by jeopardizing funds for veterans, seniors, and law enforcement. How will the US shutdown affect XRP? The consequences of a shutdown would extend beyond Washington, particularly for the crypto sector. XRP, the third-largest crypto asset by market cap, sits at the center of several initiatives tied to government agencies. A shutdown would reduce staffing at regulators such as the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), slowing or halting reviews of digital asset filings. This matters because multiple applications for spot crypto exchange-traded funds (ETFs), including those linked to XRP, face October deadlines. Six firms, including Grayscale and 21Shares, have filed for spot XRP ETFs. ETF analyst Nate Geraci described the coming quarter as “enormous” for review calendars, with decisions expected across a range of tokens. So, any disruption in the regulatory workflow could delay approvals. Moreover, because spot ETFs lower barriers for…
The post How a US government shutdown will impact XRP appeared on BitcoinEthereumNews.com.
The probability of a US government shutdown has climbed to levels not seen in years, with prediction market Kalshi pricing a 73% chance that lawmakers fail to pass a funding bill before the Oct. 1 fiscal deadline. The sharp increase reflects weeks of gridlock in Congress and President Donald Trump’s decision to cancel budget negotiations with Democratic leaders, which narrowed the path toward compromise. Federal agencies will lose authority to spend if lawmakers fail to reach an agreement by midnight on Sept. 30. Consequently, nonessential operations would close, echoing the 34-day standoff during Trump’s first term, which furloughed hundreds of thousands of workers. US Government Shutdown Considering this, both parties have pointed fingers over the impasse. Former President Barack Obama argued that “Republicans would rather shut down the government than help millions of Americans afford health care.” However, the White House countered that Democrats are pushing the nation “to the brink” by jeopardizing funds for veterans, seniors, and law enforcement. How will the US shutdown affect XRP? The consequences of a shutdown would extend beyond Washington, particularly for the crypto sector. XRP, the third-largest crypto asset by market cap, sits at the center of several initiatives tied to government agencies. A shutdown would reduce staffing at regulators such as the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), slowing or halting reviews of digital asset filings. This matters because multiple applications for spot crypto exchange-traded funds (ETFs), including those linked to XRP, face October deadlines. Six firms, including Grayscale and 21Shares, have filed for spot XRP ETFs. ETF analyst Nate Geraci described the coming quarter as “enormous” for review calendars, with decisions expected across a range of tokens. So, any disruption in the regulatory workflow could delay approvals. Moreover, because spot ETFs lower barriers for…
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