Trump Signs Stopgap Bill to End Government Shutdown

President Donald Trump signed the Senate’s stopgap funding bill into law on November 13 to end the ongoing government shutdown and extend funding through September 2025.

This legislative action stabilizes federal operations, averting further disruptions. However, immediate impacts on cryptocurrency markets remain minimal, as current data shows no significant shifts in major assets.

Trump Signs Funding Bill: Implications for Federal Budget and Defense

President Donald Trump signed the bill, effectively ending the government shutdown, with Congress having approved it largely along party lines. Federal funding is now extended through September, adding $6 billion to defense and cutting $13 billion from other expenditures. Chuck Schumer, the Senate Majority Leader, commented, “While there were reservations, supporting this CR was necessary to prevent a damaging government shutdown.”

There is currently no evidence of the bill causing significant changes in cryptocurrency markets. Major exchanges have not reported reactions, and no related statements are visible from key crypto figures.

Crypto Markets Unmoved by Federal Policy Changes

Did you know? Historical patterns indicate that government funding decisions can have limited but notable impacts on market behaviors.

As of November 13, Ethereum (ETH) is trading at $3,420.33 with a market cap of $412.82 billion, per CoinMarketCap. Its 24-hour trading volume declined by 13.98% to $33.83 billion, with the price slightly dipping by 0.16% over the last day and a 0.72% rise over seven days.

Experts from Coincu suggest that historical patterns indicate a potential, albeit limited, impact on cryptocurrency markets post-shutdown reductions. Federal monetary policies continue to play a crucial role, with long-term market reactions remaining undefined.