Breaking it down
The ongoing shutdown means Congress has already missed several of its self-imposed deadlines for passing legislation — most recently the tentative Oct. 20 deadline for a markup hearing on market structure legislation. Time is starting to run out to move other pieces of legislation.
As we get closer to the end of the year, Congress will have priorities other than crypto to deal with, said Wintermute Head of Policy and Advocacy Ron Hammond, who pointed to the annual National Defense Authorization Act — a must-pass military spending bill — as an example.
However, he said there was still optimism in Washington, D.C. that crypto legislation that stalled out near the end of the summer will see some movement. The next thing to watch for may be the Senate Agriculture Committee's draft market structure bill, as that could indicate where the overall legislative package may go.
If the feedback to that draft is positive, lawmakers could quickly head toward a markup hearing around Thanksgiving and vote soon after.
A complicating factor is the shutdown. The longer it lasts, the less time there is for Congress to deal with these different legislative issues.
Another individual familiar with D.C. politicking told CoinDesk on Thursday that there is a rumor that Democrats may give up on their demands to secure lower healthcare premiums within the next week or so due to the Trump Administration's refusal to distribute Supplemental Nutrition Assistance Program benefits to recipients during the shutdown. Two federal judges on Friday ordered the administration to resume benefits regardless.
If this happens, this individual also said there may be a markup by Thanksgiving — but if Democrats are forced to give in on their demands around the shutdown, they may be less willing to compromise on market structure legislation.
Next week will also see another election, where voters will choose a number of statewide ballot initiatives, representatives, mayors and governors in the states of Virginia and New Jersey.
.png?width=320&upscale=true&name=Horizontal%20logo%20-%20dark%20(1).png)
.jpg?width=900&upscale=true&name=Evergreen%20Newsletter%20Ad-HK%20(1).jpg)
VHAVENDA I.T SOLUTIONS
0 Comments
VHAVENDA IT SOLUTIONS AND SERVICES WOULD LIKE TO HEAR FROM YOUš«µš¼š«µš¼š«µš¼š«µš¼