U.S. House Approves Funding Bill; EU Strengthens MiCA Oversight

The U.S. House has passed a temporary funding bill, with President Trump set to sign it at 9:45 p.m. Eastern Time, ensuring continued government operations.

The bill’s passage averts potential shutdowns, maintaining stability in federal operations amid Bitcoin market volatility from Brazil’s proposed sale of seized cryptocurrency assets.

U.S. House Advances Funding Bill; EU Sharpens MiCA Regulations

Late Tuesday, the U.S. House of Representatives passed a temporary funding bill, which is set to keep government operations running. President Trump will sign the bill in the Oval Office at 9:45 p.m. ET, according to an announcement from the White House. The legislation extends federal agency operations and maintains regulatory budgets, though it does not include specific cryptocurrency funding.

In parallel, the EU regulators have increased their oversight of MiCA with a significant focus on shared order books, aiming to enhance transparency and reduce systemic risk in the crypto markets. European Securities and Markets Authority (ESMA) has identified cross-border crypto asset trading platforms as a priority in its regulatory efforts.

Rep. Tom Cole, Chair, U.S. House Appropriations Committee, “The House has passed the Full-Year Continuing Appropriations Act, 2025. This bill ensures government operations continue and critical programs are funded. I urge swift Senate action and look forward to the President’s signature.” – Source

Brazil’s Bitcoin Sale Plans Shake Markets

Did you know? The EU’s focus on shared order books marks a pivotal shift analogous to past regulatory tightening, potentially influencing market liquidity and promoting uniformity across trading platforms.

Market reactions have been notable, particularly following Brazil’s proposal to sell seized Bitcoin to disrupt organized crime networks. According to former BitMEX CEO Arthur Hayes on Twitter, this action is expected to cause short-term volatility in the market. Additionally, Ethereum co-founder Vitalik Buterin observed that while the U.S. funding extension provides regulatory stability, there remains a need for vigilance regarding crypto oversight expansion.

Insights from the Coincu research team indicate that recent regulatory actions could stimulate institutional interest in transparent markets while challenging smaller exchanges to adapt. These changes may lead to increased consolidation in the EU sector, as stricter rules alter operational dynamics.