The Senate passed a short-term funding measure by a 90-6 vote, reducing the immediate odds of a US government shutdown and removing one macro overhang for risk assets heading into the fall. A government shutdown does two things that matter directly to crypto markets: it delays official economic data releases- CPI, jobs reports, GDP revisions- that traders use to price Fed policy, and it stalls regulatory and legislative work at agencies like the SEC and CFTC, along with congressional efforts on market-structure legislation. If the House adopts the Senate’s December 11 timeline cleanly, expect the shutdown discount to stay compressed and crypto markets to trade primarily on rate expectations and spot flows rather than political risk.