US Government Shutdown End This Week, Trump Adviser

The three-week-long US authorities shutdown is “more likely to finish someday this week,” in response to a White Home financial adviser, a transfer that might crypto regulatory progress.

“I feel the Schumer shutdown is more likely to finish someday this week,” Kevin Hassett told CNBC’s Squawk Field section on Monday, referring to Senate Minority Chief Chuck Schumer, whom Republicans have pointed the finger at for triggering the federal government shutdown.

“The average Democrats will transfer ahead and get us an open authorities, at which level we might negotiate no matter insurance policies they wish to negotiate with common order,” he added.

If that isn’t profitable, the Trump administration might impose “stronger measures” to drive the Democrats to cooperate, stated Hassett, a crypto advocate who disclosed holdings value greater than $1 million in Coinbase earlier this 12 months.

He’s additionally one in all Trump’s high three picks to switch Jerome Powell because the Federal Reserve chair in Could 2026.

Government shutdown stalled altcoin ETF momentum

The US authorities shutdown — which commenced on Oct. 1 — is presently in its twentieth day, the third longest within the nation’s historical past. 

Many exchange-traded fund functions for Litecoin (LTC), XRP (XRP) and Solana (SOL) are waiting on a final decision from the US securities regulator, however have been delayed because of the authorities’s finances standoff.