The ongoing US government shutdown, which began on October 1, is predicted to come to an end this week. According to Kevin Hassett, a White House adviser, this development may allow for advancements in cryptocurrency regulations.

“I think the Schumer shutdown is likely to end sometime this week,” Hassett mentioned in an interview with CNBC, calling out Chuck Schumer, the Senate Minority Leader, as a key figure responsible for the budget impasse.

Hassett further added, “The moderate Democrats will act to reopen the government, enabling negotiations on various policies.”

If this effort fails, the Trump administration may implement stricter measures to urge cooperation from Democrats. Hassett has at least $1 million in Coinbase stocks, signifying his strong belief in cryptocurrencies. Moreover, he is considered a leading candidate to succeed Jerome Powell as the Federal Reserve Chair in May 2026.

Government Shutdown and Crypto ETFs

The current shutdown has delayed numerous exchange-traded funds (ETFs) related to cryptocurrencies like Litecoin, XRP, and Solana, which are awaiting final decisions from the US securities regulator, impacted by the ongoing funding deadlock.

Despite the shutdown, the Democratic Senators are planning to meet industry leaders from firms such as Coinbase and Circle this week to discuss progress on the proposed market structure bill in the cryptocurrency sector.

The situation remains fluid, and odds suggest a likelihood that the shutdown could last for over 30 days, extending at least to October 31.