U.S. Congress
U.S. government shutdown enters third day with layoffs threatened
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The U.S. federal government shutdown reached its third day on October 3, 2025, as partisan disputes stalled funding efforts. The White House warned of widespread layoffs, while Democrats highlighted risks to healthcare programs for undocumented immigrants. Senate Democrats blocked a Republican funding plan, extending the impasse into the weekend.
A delay in passing U.S. crypto market structure legislation is limiting valuation growth for American-exposed crypto firms, according to Benchmark analyst Mark Palmer. The holdup prolongs regulatory uncertainty amid rising global adoption, though bitcoin and infrastructure plays remain relatively insulated. Palmer still expects the bill to pass, albeit possibly later than anticipated.
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The U.S. federal government entered a shutdown on October 1, 2025, after Congress failed to pass a spending bill to fund operations. Partisan disagreements between Republicans and Democrats stalled negotiations, leading to furloughs for non-essential workers. The shutdown's duration remains uncertain, echoing past political standoffs.