The House passed a funding bill to end the longest US government shutdown in history, which had previously delayed crypto ETF approvals and key crypto bills.
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The longest US government shutdown on record is finally set to conclude, with the House of Representatives voting through a contested funding bill on Wednesday.
The bill is now headed to US President Donald Trump, who is expected to sign it Wednesday night.
Both Democratic and Republican lawmakers staunchly debated the bill in the House of Representatives, ahead of a final vote that ultimately ended in favor of the bill, with 222 votes in favor and 209 against.
According to a statement by Fox News Digital, US President Donald Trump has already indicated that he will sign the bill, which would officially end the shutdown. The BBC that Trump plans to sign the bill at 9:45 pm local time during a private dinner with business leaders.
“The Administration urges every Member of Congress to support this responsible, good faith product to finally put an end to the longest shutdown in history,” the statement read.
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The would cover most of the government’s expenses through to the end of January next year.
The bill saw neither side of the political aisle willing to budge. Democrats were pushing to halt the bill, demanding more funding for healthcare and the cost-of-living crisis. Republicans were not willing to address these concerns in the bill, instead calling for the government to reopen and promising to address these issues afterward.
The government shutdown has halted the progress of crypto bills and also left a of spot-crypto exchange-traded fund applications sitting on the Securities and Exchange Commission’s desk.
Meanwhile, other bills — such as the — that have made some progress even during the shutdown, will now be able to gain more traction.
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