Senate Passes Funding Bill, Bringing 41-Day US Government Shutdown to a Close
The 41-day US government shutdown is nearing its end. The Senate has approved a continuing resolution to fund the government through January 30, 2026. Following this, the House of Representatives is set to vote on the bill on November 12. Once approved, it will be forwarded to President Trump for his signature.
Prediction markets on Polymarket now indicate a 95% chance of the shutdown ending between November 12-15. This is a significant increase from just a day earlier when it was under 60%. The resolution successfully overcame a filibuster and rejected proposed amendments on hemp and health care subsidies. This marks a significant stride towards restoring federal operations.
The protracted shutdown has had far-reaching implications for the technology sector. It particularly affected government contracts, regulatory processes, and federal research funding. However, financial markets are reacting positively to the news. Default fears are fading, and crypto, S&P 500, and Nasdaq futures are all poised to rise on the anticipated resolution.
In related cryptocurrency news, Ripple CEO Brad Garlinghouse revealed a potential partnership with SWIFT. He stated that the XRP Ledger could handle up to 14% of SWIFT’s $155 trillion annual transaction volume. This highlights how the regulatory reforms of 2025 have paved the way for traditional banking integration with blockchain technology.
Source: https://coinpedia.org/news/us-government-shutdown-live-updates-on-november-11-2025/