Trump: A Memorable Day for Crypto
November 12, 2025 will be remembered as the date marking the end of the crisis following an unprecedented shutdown. The House of Representatives first approved the funding bill, followed by the Senate with a vote of 60 to 40. The bill now awaits President Trump ‘s signature to become effective. This government shutdown paralyzed millions of federal workers, disrupted public contracts. Suspended food aid payments, and caused thousands of flight cancellations across the country.
For traditional financial markets and crypto, the impact extends far beyond administrative disruptions. The Federal Reserve and trump finds itself in an unprecedented situation: deprived of economic data usually collected by government agencies. It is navigating blind at a time when monetary policy expectations heavily weigh on digital asset volatility.
Crypto Regulators Emerge from the Shadows: What’s the Roadmap?
The resumption of activities at the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) represents the most anticipated signal for the crypto industry. For 43 days, approval processes for spot Bitcoin ETFs and Ethereum were frozen. Compliance filings remained pending, and responses to regulatory clarification requests were put on hold.
The accumulation of pending applications could create an initial bottleneck, but it also opens the possibility of a wave of grouped approvals in the coming weeks. ETF issuers who filed their applications before the shutdown now hope for an accelerated timeline. The Internal Revenue Service (IRS) and the Office of the Comptroller of the Currency (OCC) will also resume their work on drafting rules and enforcing tax laws specific to digital assets.
The Senate Agriculture Committee recently advanced a bill allowing the CFTC to oversee spot cryptocurrency markets, a jurisdiction previously contested. The GENIUS Act, aimed at clarifying the regulatory framework for stablecoins, should also resume its legislative path. The confirmation hearing for the new CFTC head, postponed during the shutdown, is scheduled for the coming weeks.
Macro Implications for Bitcoin and Altcoins
The absence of reliable economic data places the Fed in a delicate position. Employment, inflation, and growth indicators were not published during the shutdown, creating an information void while markets attempt to anticipate upcoming interest rate decisions. Bitcoin has historically reacted with high sensitivity to monetary policy pivots, and this prolonged uncertainty fuels volatility around major technical support levels.
The crypto market now operates in an environment where macroeconomic visibility is reduced, while regulatory resumption could lead to favorable or restrictive announcements depending on the political direction adopted. Trading volumes showed consolidation during the shutdown, reflecting institutional investors’ wait-and-see approach amid the lack of clarity.
Fintech and crypto entrepreneurs who depend on federal contracts or banking authorizations supervised by the OCC will be able to resume their discussions. However, nothing guarantees that a new shutdown won’t occur in the coming months if Congress fails to reach a lasting budget agreement.
Pionex Hedging Bot for BTC and Altcoins: A Secure Strategy to Accumulate Risk-Free – November 13, 2025, 09:13 AM CET
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Powered by AI 2.0, it captures fluctuations while limiting drawdowns, with fees of only 0.05%.
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