The post U.S. Shutdown to End This Week? XRP ETF Approval May Follow, Says Trump Advisor appeared first on Coinpedia Fintech News
The U.S. government shutdown, now stretching into its fourth week, might finally see a resolution. According to Trumps advisors Kevin Hassett, the shutdown is could end this week, clearing the way for pending crypto decisions like the XRP ETF ruling.
Trump Advisor Signals End Of U.S. Government Shutdown
On Monday, White House economic adviser Kevin Hassett told in an interview that the budget impasse which Republicans have called the “Schumer shutdown,” could end this week, pointing to Senate Democratic Leader Chuck Schumer as key to a resolution.
Hassett pointed to moderate Democrats as the key to reopening the government, saying once federal agencies are back in normal order, policy discussions can resume in their usual way.
If the stalemate continues, he warned the administration may pursue “stronger measures” to move things forward.
Analysts see these signals as a hint that a short-term funding deal could come before the November fiscal deadlines, which markets may view as bullish for risk assets, including cryptocurrencies.
Shutdown Halts SEC Reviews — Including XRP ETF
The shutdown has brought most U.S. federal regulatory agencies, including the Securities and Exchange Commission (SEC), to a near standstill, delaying approvals for multiple crypto ETF filings.
If a resolution comes this week, the SEC can resume its work, likely prioritizing pending applications such as XRP-linked ETFs that have been waiting for procedural review.
Among these filings are ETFs from major players like Grayscale, Bitwise, CoinShares, and Wisdom. Their XRP-focused products are now expected to be evaluated by the SEC between October 18 and 25, 2025, once operations fully restart.
Crypto CEOs to Meet U.S. Senators on October 22
Despite recent delays, a behind-closed-doors roundtable is scheduled for October 22, where top crypto leaders from Coinbase, Ripple, and Circle will meet U.S. Senators to discuss the proposed crypto market structure bill.
Meanwhile, the discussion could play a key role in shaping future digital asset regulations.
As of now, the crypto market is showing some weakness, with total capitalization down about 3% at $3.64 trillion. Bitcoin is holding steady near $108,000, while XRP has dropped nearly 2.4%, trading around $2.41.