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U.S. President Donald Trump signed a short-term funding bill to reopen the government late Wednesday after a majority of the U.S. House of Representatives voted in favor of ending the record-breaking 42-day shutdown.
The government looked set to remain shut down for the foreseeable future before a group of Senate Democrats and the majority of Senate Republicans voted in favor of the roughly 3-month funding measure late Sunday, giving up their key demands to end the shutdown but forcing a (failed) vote on Affordable Care Act subsidies. The lengthy shutdown slowed the U.S. government's progress on crypto, but legislators have signaled efforts to continue working on legislation affecting crypto.
The final vote was 222-209, with 216 Republicans and six Democrats voting in favor of the funding measure, which will last through the end of January 2026. Trump signed the bill just after 10 p.m. ET, barely two hours after the House vote.
Just this week, the Senate Agriculture Committee published an initial draft bill for their part of key market structure legislation that would define the Commodity Futures Trading Commission's role in overseeing crypto spot markets, as well as scheduled a confirmation hearing for Mike Selig, Trump's nominee to head that agency.
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