US Government Shutdown End This Week, Trump Adviser

The three-week-long US government shutdown is “likely to end sometime this week,” according to a White House economic adviser, potentially reviving crypto regulatory progress.

“I think the Schumer shutdown is likely to end sometime this week,” Hassett told CNBC’s Squawk Box segment on Monday, referring to Senate Minority Leader Chuck Schumer, whom Republicans have pointed the finger at for triggering the government shutdown.

“The moderate Democrats will move forward and get us an open government, at which point we could negotiate whatever policies they want to negotiate with regular order,” he added.

If that isn’t successful, the Trump administration may impose “stronger measures” to force the Democrats to cooperate, said Hassett, a crypto advocate who disclosed holdings worth more than $1 million in Coinbase earlier this year.

He is also one of Trump’s top three picks to replace Jerome Powell as the Federal Reserve chair in May 2026.

Government shutdown stalled altcoin ETF momentum

The US government shutdown — which commenced on Oct. 1 — is currently in its 20th day, the third longest in the nation’s history. 

Many exchange-traded fund applications for Litecoin (LTC), XRP (XRP) and Solana (SOL) are waiting on a final decision from the US securities regulator, but have been delayed due to the government’s budget standoff.