Bipartisan Senate Vote Restores Operations While Crypto Regulation Draft Advances

The Senate approved the bill with a 60-40 bipartisan vote.

The bill allows for SNAP benefits, delays in ACA subsidy renewal, and sets short-term appropriations.

Lawmakers also advanced a draft bill regulating digital commodities under CFTC oversight.

On Monday night the Senate passed a bill to reopen the US government and end the record shutdown. The bipartisan move aims to restore key operations, stabilize federal paychecks, and renew discussions on healthcare and digital asset regulation.

Bipartisan Deal Ends Shutdown After Weeks of Deadlock

After much discussion and several unsuccessful amendments, the 60-40 vote was ultimately reached because it was necessary to break the impasse that had prevented government operations for weeks. All Republicans voted in favor, with the exception of Kentucky Senator Rand Paul. Eight other Democrats joined the Democrats in endorsing the measure.

Now, the bill is headed to the House, where a vote might take place as early as Wednesday. The bipartisan agreement has been praised by President Donald Trump, who promised to sign it when it reaches his desk.

Despite ongoing discussions about healthcare and budget allocations, senators engaged in the negotiations stated that reopening the government was the top priority.

Legislative Details and Political Reactions

According to @cryptothedoggy, the bill includes a “minibus” package funding three major appropriations. It fully funds SNAP benefits for the next fiscal year and temporarily supports other programs until January 30. The plan reflects a compromise to keep essential government functions running during budget talks.

Senators Angus King, Jeanne Shaheen, and Maggie Hassan helped secure the bipartisan agreement. Shaheen called it “the only deal on the table,” emphasizing that reopening the government allows further negotiations on ACA tax credits. Senators Durbin, Fetterman, and Kaine also supported the bill to ensure federal employees continue receiving paychecks.

Senate Majority Leader John Thune pledged to bring an ACA funding bill to the Senate by mid-December. However, Democrats remain cautious since any extension still needs 60 votes to pass. King estimated the likelihood of success at around 50%.

Digital Assets and Market Reaction

Global crypto markets saw small corrections amid these developments, with the total market capitalization reaching $3.61 trillion, down 2.1% over 24 hours. Bitcoin is trading around $104,373, and Ethereum is around $3,529.72. Trading has remained active, with a 24-hour volume near $200 billion.

Altcoins like XRP, BNB, and Solana dropped more sharply, while stablecoins USDT and USDC stayed steady. Analysts noted careful trading, as investors watch both Washington’s fiscal actions and possible changes in crypto regulation.

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