US Senate Rejects Funding Bill, Extending Government Shutdown

The U.S. Senate rejected a Republican government funding proposal, extending the federal shutdown with significant implications for markets and regulatory activities nationwide.

This decision perpetuates disruptions in federal operations, affecting economic output, and halting crypto ETF approvals by the SEC, impacting digital and traditional financial markets.

Bitcoin Falls 2.2% Amid Stalled Crypto Regulation

As a result, around 4,000 federal employees have been furloughed, with impacts seen across the Treasury and Health and Human Services departments. The halted SEC operations mean crypto ETF approvals are stalled.

Key officials have voiced concerns, with Treasury Secretary Besant highlighting the $15 billion daily GDP loss:

"The only factor slowing progress is the government shutdown... Shutdown is causing the U.S. economy to lose approximately $15 billion in output daily."

The White House OMB has publicly blamed partisan obstinacy for ongoing issues.

Market Data Overview

The current shutdown mirrors earlier ones in 2013 and 2018-19, which saw significant delays in federal market oversight and regulatory paralysis.

As of October 15, 2025, Bitcoin (BTC) is valued at $110,801.64 according to CoinMarketCap. The market cap is $2.21 trillion, with a 24-hour trading volume of $72.06 billion. Bitcoin's price dropped by 2.20% in 24 hours, marking a 10.15% decline over the past seven days.

According to Coincu research, the extended government shutdown may delay crypto-related regulations, potentially slowing market recovery and technological progress. The SEC's halted activities mean slower ETF launches, affecting market liquidity and investor confidence.