GovernmentShutdown

The ongoing 21-day Trump-Republican government shutdown has caused major volatility in the cryptocurrency markets, with Bitcoin dropping 14.6% and some altcoins plunging even more. Regulatory bodies like the SEC and CFTC have halted operations, raising concerns about market oversight and insider trading, especially after a trader profited $150 million during the crash. Platforms like Bitlet.app offer safe ways to navigate such turbulent times with their crypto installment services.

Senator Ron Wyden criticized the timing of a cryptocurrency tax hearing during the U.S. government shutdown, urging lawmakers to prioritize resolving the shutdown and supporting Americans. He highlighted uncertainties in crypto tax laws and the significant tax gap while calling for bipartisan and careful deliberation on crypto taxation.

In September 2025, Bitcoin is struggling due to increased profit-taking and concerns over a potential government shutdown, impacting market sentiment and causing volatility.