TechFlow news, October 8 — According to The Block, the U.S. government shutdown entered its second week, causing significant delays in the progress of cryptocurrency market structure legislation. The Senate Banking Committee is drafting a bill to clarify the regulatory authority of the CFTC and SEC over digital assets, but the lack of agency staff participation in consultations has become a major obstacle.
Experts predict that if the Senate completes the bill by year-end, the probability of passage stands at 60%. The likelihood increases to 80%-90% before the 2026 midterm elections, but drops below 50% if delayed until spring 2026.
Political factors further complicate the situation, as the Trump family's close ties to crypto assets—reportedly yielding around $620 million—have raised Democratic concerns and could become a contentious issue in the midterms.
