CoinDesk Podcast Network Will a Government Shutdown Slow Crypto Legislation?
Oct 2, 2025
Bryan Steil, U.S. Congressman from Wisconsin and Chair of the House Digital Assets Subcommittee, dives into the implications of the government shutdown on crypto legislation. He discusses the challenges facing the SEC and CFTC due to reduced staffing. Steil reveals the bipartisan support behind the Clarity Act and outlines what must happen in the Senate to meet the year-end goal for its passage. He draws an intriguing analogy between crypto mining and gold mining when talking about taxation on gains, highlighting the complexities of regulatory oversight.
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Shutdown Harms Crypto Oversight
- A federal government shutdown is deeply unproductive and highlights broken budget processes in Washington.
- Congressman Bryan Steil warns it risks slowing key crypto regulators like the SEC and CFTC during critical rulemaking.
Fund Short-Term To Avoid Brinkmanship
- Fund the government short-term and let longer appropriations negotiations continue to avoid repeated shutdown brinksmanship.
- Steil advises funding the government for the next seven weeks to buy time for 2026 appropriations talks.
House Built The Clarity Foundation
- The House cultivated years of bipartisan work culminating in the Clarity Act, which now serves as a ready legislative framework.
- Steil says the Senate could accelerate progress by using the House text as base legislation.