In a narrow decision, the U.S. House of Representatives passed a significant funding bill on Tuesday, aiming to end a recent four-day partial government shutdown. The bill, which passed with a vote of 217 to 214, proposes a funding package totaling approximately $1.2 trillion to maintain government operations until the end of September. Although some Democrats opposed certain elements related to immigration enforcement, enough support was garnered to move the legislation forward.
U.S. President Donald Trump is anticipated to sign the bill, contingent on no alterations being made to the original Senate proposal. Notably, the legislation offers the Department of Homeland Security only two weeks of funding, setting the stage for further negotiations concerning Immigration and Customs Enforcement (ICE) and Border Patrol policies.
This brief shutdown was considerably shorter than the 43-day halt in operations back in 2025, which had stalled legislative progress on digital asset market structures among other initiatives. Interestingly, Bitcoin (BTC) experienced a slight increase of about 2%, reaching $74,620, following news of the House's approval.
The shutdown's conclusion could also pave the way for the U.S. Bureau of Labor Statistics to release its January jobs report, initially expected to be published on Friday. This report holds the potential to influence U.S. macroeconomic strategies and market conditions by providing crucial unemployment data.
Meanwhile, the Senate continues to deliberate on substantial market structure legislation. The Senate Agriculture Committee recently passed a digital asset market framework bill, marking a pivotal moment for the crypto and banking sectors. However, no amendments proposed by Democrats were adopted. The Senate Banking Committee, tasked with addressing the U.S. Securities and Exchange Commission's concerns, delayed its markup after Coinbase CEO Brian Armstrong expressed opposition to the bill in its current form.
Ongoing discussions among lawmakers are reported, though no new date has been set for the markup. This legislative activity reflects the ongoing complex dialogue surrounding the regulation of digital assets.