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CoinDesk Podcast Network

Will a Government Shutdown Slow Crypto Legislation?

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 2 October 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

How the government shutdown will impact crypto legislation with Congressman and House Digital Assets Subcommittee Chairman Bryan Steil. House Digital Assets Subcommittee Chairman Rep. Bryan Steil (R-WI) joins CoinDesk to discuss the two biggest roadblocks facing the crypto industry: the government shutdown and the Senate's slow movement on the landmark Clarity Act market structure bill. Plus, he explains exactly what needs to happen to get the bill passed by his year-end goal. - This episode was hosted by Jennifer Sanasie and Renato Mariotti.

Transcript

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0:00.0

The joke in the House is we say the opposition is the Democrats, but the enemy is the Senate.

0:05.8

I say that jokingly.

0:07.2

But the key here is for the Senate to move forward, to hold hearings on a legislative text

0:13.0

and then begin and get to a markup where they can finalize the formation of the text

0:19.0

and work between Senate banking and Senate ag.

0:22.3

One of the most difficult things to do on Capitol Hill is to get committees to work together.

0:32.5

Chairman of the Subcommittee on Digital Assets, Congressman Brian Stile joins us now.

0:37.1

Hey, Brian. Hey, thanks for having me on. Ofets, Congressman Brian Stile joins us now.

0:38.3

Hey, Brian.

0:39.9

Hey, thanks for having me on.

0:40.7

Of course.

0:41.7

Thanks for being here.

0:44.9

We got to start with, I guess, the elephant in the room.

0:46.2

The government is shut down.

0:52.2

And I think folks who are watching this industry are wondering what that means for progress on legislation.

0:56.0

And what it means for agencies like the SEC and CFTC that are going to have to operate with a lot less employees. Yeah, a federal government shutdown is unproductive

1:05.6

for everyone. It shows you how absolutely broken the spending process is in Washington. Big picture,

1:12.7

I've had legislation would just end this process. It would just put spending on a recurring two-week

1:18.1

window, prevent shutdowns, take it off the table, and remove the brinksmanship that we see time and

1:24.0

again. That's not going to pass in this short window here. How do we get out of this?

1:28.3

We just got to fund the government for the next seven weeks and then allow the negotiations to play

1:33.0

out for the 2026 fiscal year appropriations, the spending process, as well as other policy

...

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