TL;DR:
- Democratic senators withdraw major objections to expedite the bill’s approval.
- The risk of a government “shutdown” by January 31 has soared to 80%.
- Analysts warn that a shutdown would drain liquidity, impacting Bitcoin’s price.
The legislative landscape in Washington has taken an unexpected turn in favor of the digital asset industry. It was recently reported that the US crypto market bill has gained significant traction following bipartisan agreements reached last weekend.
Several Democratic senators decided not to block the regulation during the sessions scheduled for Thursday, January 29. This decision followed Senator Roger Marshall’s agreement to withdraw a controversial amendment that threatened to derail the entire market structure project.
However, the context is one of maximum pressure. Congress faces a critical deadline on January 30; if a funding agreement is not reached, the federal government would enter a technical shutdown, paralyzing various regulatory agencies.
Impact of the Government Shutdown and Market Liquidity
Recent data from Polymarket reveals that the probability of a government shutdown stands at 80%. This scenario would force the Treasury to rebuild its Treasury General Account (TGA), a process that historically tends to drain vital liquidity from global financial markets.
In this context, industry analysts warn that a “shutdown” could trigger severe corrections in the price of Bitcoin and altcoins. In previous similar episodes, the crypto market experienced drops of up to 25% due to the tightening of liquidity conditions.
In summary, the coming days will be crucial for both regulatory clarity and price stability. As lawmakers accelerate negotiations, investors remain attentive to Washington’s ability to avoid a paralysis that could affect the digital economy.
