US Senators Push to Finalize Crypto Market Bill as Shutdown Standoff Deepens: Report

Bipartisan talks on a long-awaited ￰3￱ market regulation package, the CLARITY Act, have resumed in the Senate, even as Washington remains paralyzed by a government shutdown now in its 31st day, one of the longest in ￰4￱ from both parties are racing to finalize the market structure bill that could reshape oversight of digital assets before election politics stall ￰5￱ negotiations, led by key Senate committees, have accelerated in recent weeks despite the broader ￰6￱ the CLARITY Act pass by Thanksgiving? According to the report , Senate Agriculture Committee Chair John Boozman (R-Ark.) said he and ￰7￱ Booker (D-N. J.) are working “daily” to complete their section of the legislation, which would establish a regulatory framework for digital assets treated as ￰8￱ said he expects a committee vote “before Thanksgiving,” adding, “We’re going to get it done this year.” Booker echoed that sentiment, saying the goal was to “get the policy right” rather than rush the ￰9￱ work represents one part of a broader bipartisan effort spanning multiple committees, including Banking and Finance, to define how digital assets fit within ￰10￱ and the tax ￰11￱ within the Senate Banking Committee have also gained ￰12￱ Cynthia Lummis (R-Wyo.), Ruben Gallego (D-Ariz.), and Angela Alsobrooks (D-Md.) said discussions had resumed after weeks of delay.

Notably, Committee Chair Tim Scott (R-S. C.) said he was “encouraged” by the progress and looks forward to advancing “meaningful legislation.” Still, some members caution that the bill is not yet ￰13￱ Kennedy (R-La.) said the legislation requires a public hearing and that many lawmakers still need to understand the issue. @SenJohnKennedy says “we’re not ready” on the GOP crypto bill, raising doubts about the Senate’s plan to advance market structure legislation. #Crypto #USPolitics #cryptobill ￰0￱ — ￰14￱ (@cryptonews) September 10, 2025 The push for progress comes amid warnings that time is running ￰15￱ Tillis (R-N. C.) said Congress must act by early 2026 or risk losing momentum as election politics take over.

“I’m not optimistic about us moving much further on anything around digital assets, stablecoins, or crypto in this Congress,” he said on ￰16￱ Shutdown in History Looms — What’s Next for America? The shutdown , now stretching into its fifth week, has added further ￰17￱ Senate adjourned Thursday without progress on a continuing resolution, guaranteeing the shutdown will last at least 34 days, tying the longest lapse in ￰18￱ Senate adjourned on Thursday and won't meet again until Monday as the government shutdown deepens, threatening military paychecks, food assistance for 41 million Americans and funding for programs like SNAP, Head Start and WIC. ￰1￱ ￰19￱ — CBS Evening News (@CBSEveningNews) October 30, 2025 As of October 20, 25% of Polymarket bettors predict that the shutdown will last until at least November 16 and may drag on for almost another month to become the longest in American ￰20￱ for food assistance under the Supplemental Nutrition Assistance Program (SNAP) is set to expire Saturday, threatening benefits for 42 million ￰21￱ benefits expire this ￰22￱ 600,000 Coloradans will go hungry.

It’s not ￰23￱ already voted to gut SNAP this summer and now they have the power to stop this. — John Hickenlooper (@Hickenlooper) October 30, 2025 The closure, triggered by disputes over healthcare subsidies, has left 1.4 million federal workers without pay, including air traffic controllers and employees at key ￰24￱ Trump will not let the radical left Democrat shutdown impact critical USDA services while harvest is underway across the country. Thursday, USDA will resume Farm Service Agency core operations, including critical services for farm loan processing, ARC/PLC payments, and… — Secretary Brooke Rollins (@SecRollins) October 21, 2025 Despite the stalemate, Senate Democrats and Republicans are expected to meet separately with industry executives next week to keep crypto talks ￰25￱ Renew Crypto Talks, but Prediction Markets Cut Odds of 2025 Passage to 25% On October 20, ￰26￱ Gillibrand (D-N.

Y.) hosted a closed-door roundtable with major industry figures , including Galaxy’s Mike Novogratz, Coinbase CEO Brian Armstrong, and Chainlink’s Sergey ￰27￱ told CNBC that roughly 90% of the bill’s issues had already been resolved and that Thanksgiving had been floated as a possible target for ￰28￱ ￰29￱ market structure bill has gained bipartisan support, with @brian_armstrong of @coinbase noting that many issues have been resolved. #ClarityAct #Market #Bill ￰2￱ — ￰30￱ (@cryptonews) October 23, 2025 The House-passed Digital Asset Market Clarity Act, approved in July by a 294–137 vote , remains stalled due to the ￰31￱ measure defines which digital assets fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC) and which are overseen by the Securities and Exchange Commission (SEC).

Together with the GENIUS Act, signed by President Donald Trump earlier this year , it forms the foundation of the emerging ￰32￱ regulatory ￰33￱ House AI and Crypto Czar David Sacks said the administration remains optimistic that bipartisan support could still deliver progress by the end of 2025 .