US government shutdown 'likely' to end this week: Trump adviser

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The three-week U.S. government shutdown is “likely to end this week,” according to a White House economic adviser, which could lead to another round of progress on crypto regulation.

“I think the Schumer shutdown is likely to end this week,” Hassett said Monday on CNBC’s Squawk Box Corner, referring to Senate Minority Leader Chuck Schumer, who Republicans have accused of triggering the government shutdown.

He added: “Moderate Democrats will move forward and deliver open government. At that point, we will be able to negotiate whatever policies they want in an orderly fashion.”

If that doesn’t work, the Trump administration could impose “stronger measures” to force Democrats to cooperate, said Hassett, a cryptocurrency advocate who disclosed holdings worth more than $1 million on Coinbase earlier this year.

He is also one of Trump’s top three candidates to succeed Jerome Powell as Federal Reserve Chairman in May 2026.

sauce: CNBC

Altcoin ETF momentum stalls due to government shutdown

The U.S. government shutdown that began on October 1 is now in its 20th day, the third longest in U.S. history.

A number of exchange-traded fund (ETF) applications for Litecoin (LTC), XRP (XRP), and Solana (SOL) are awaiting final decisions from U.S. securities regulators, but applications have been delayed due to government budget impasses.

Other crypto developments appear to be waiting for the shutdown to end. U.S. lawmakers met with Strategy’s Michael Saylor and 17 other industry leaders in mid-September to discuss how Congress could move forward with President Trump’s Strategic Bitcoin Reserve.

A key discussion point at the conference centered on how the Bitcoin Act, sponsored by Cynthia Lummis, could encourage the purchase of Bitcoin in a budget-neutral manner.

Democratic Party meets with crypto executives this week

However, the government shutdown has not completely stalled regulatory progress, with Democratic senators reportedly planning to host a roundtable with industry leaders from Coinbase, Circle, Ripple and others on Wednesday to discuss how they can advance the proposed U.S. crypto market structure bill.

Related: US Senate confirms Treasury officials as government shutdown continues

Despite Hassett’s optimism, Polymarket Odds estimates there is a 71% chance the closure will last more than 30 days, and at least until October 31st.