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no one’s talking about how the US gov’t shutdown is wrecking havoc on crypto, agencies are understaffed, and Bitcoin’s taking a hit
crypto regulation halts as gov’t shutdown hits record length: agencies understaffed, CLARITY Act stalled, market reacts as Bitcoin retreats;
The US gov’t shutdown is now the longest in history, affecting 1.4 million workers. Economic losses are significant, estimated at $10-30 billion weekly. The CLARITY Act, crucial for crypto regulation, is stalled. Agencies like the SEC and CFTC are understaffed, impacting crypto progress. The market reacts to uncertainty, with Bitcoin retreating. Predictions suggest the shutdown may continue past Nov. 16. Frozen Washington hampers progress in both government operations and crypto.
Crypto Regulation Stagnates as CLARITY Act Freezes — TradingView News
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