Informed sources: Cryptocurrency hearings are expected to continue during the U.S. government shutdown

According to people familiar with the matter, the leadership of the US Senate Banking Committee hopes to complete the revision of the Responsible Financial Innovation Act by the end of this month. After the House of Representatives passed the Financial Transparency Act in July, the Senate Banking Committee and the Agriculture Committee will develop their own bills, which will then be merged. Republicans on the Banking Committee released the revised version last month, and Democrats gave a list of principles they want to include in the legislation. The Agriculture Committee draft has not been released, and it may take longer to complete. Although the US Senate once again rejected two plans to provide funding for the federal government to end the nine-day shutdown, and the cryptocurrency policy agenda has also been put on hold due to the undetermined budget, Washington insiders feel that the momentum has not completely died down. The House of Representatives is suspended due to the shutdown, and the Senate is still meeting on budget and cryptocurrency-related issues.