XRP News Today: Government Shutdown Postpones Progress on Crypto Regulation, Stalling Crucial Legislation
- Democratic wins in NJ/Virginia 2025 governor races weaken Trump's influence in swing states and delay crypto legislation in a divided Congress. - Record 36-day U.S. government shutdown furloughs SEC/CFTC staff, pushing back crypto market structure bill reviews and 2025 enactment timelines. - Bipartisan crypto bill negotiations continue amid mixed market signals: Robinhood's Q3 crypto revenue jumps 300%, while Ripple secures $1B in XRP institutional holdings. - Global challenges persist with Australia san
On November 5, 2025, Democrats achieved significant victories in the gubernatorial elections in both New Jersey and Virginia, undermining Donald Trump’s sway in these pivotal swing states and sparking renewed discussions about the trajectory of crypto regulation in a split Congress, as reported by
This government shutdown, now the lengthiest in U.S. history, has led to the furlough of thousands of federal employees, including essential personnel at the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), which has stalled technical assessments of the bill, per a
The cryptocurrency sector itself has experienced mixed developments. Robinhood’s third-quarter 2025 results showed a 300% increase in crypto trading revenue, reaching $268 million, signaling a resurgence of retail investor activity, as noted by CoinPedia. Yet, the industry still faces challenges as the prolonged shutdown threatens to delay regulatory progress. Patrick Witt, who leads the White House Digital Assets Advisory Council, remarked that while the shutdown has "created certain hurdles," it has also "sparked more dialogue" between lawmakers and industry leaders, Cointelegraph reported.
Ripple, a leading company in the crypto space, is further strengthening its position. During his keynote at the Swell 2025 event, CEO Brad Garlinghouse emphasized the company’s commitment to establishing
These legislative setbacks come as the global crypto industry faces additional obstacles. Australia has enacted sanctions against North Korean hackers responsible for a $1.9 billion crypto heist, underscoring the industry’s exposure to cyber risks, as reported by
Political commentators argue that the Democratic wins in New Jersey and Virginia could motivate the party to push for more progressive crypto reforms, including protections for DeFi, in the upcoming legislative session. Still, with the government shutdown unresolved and midterm elections approaching, the path to regulatory certainty remains challenging. Senator Thom Tillis (R-NC) pointed out that Congress has until "early January or February 2026" to pass the bill before election-year politics make the process even more difficult, according to CoinOTag.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Canada Strikes a Balance Between Stablecoin Advancements and a $10M Risk Management Framework
- Canada’s 2025 budget introduces a $10M stablecoin framework, requiring reserve transparency and consumer safeguards to balance innovation with financial stability. - The Bank of Canada will oversee compliance, aligning with global efforts as stablecoin transactions surpass $4 trillion annually, driven by adoption in hyperinflationary economies. - Critics warn of regulatory overlaps disadvantaging Canadian firms, while institutions flag risks like $1 trillion in emerging market deposits shifting to stable

ICP Caffeine AI: Revolutionizing Blockchain with Advanced AI Technology
- ICP Caffeine AI, developed by Dfinity, merges AI and blockchain to enable no-code app development via natural language prompts and Motoko's secure programming framework. - The platform's integration with ICP's decentralized infrastructure and orthogonal persistence attracted 2025 hackathon participants, showcasing its developer accessibility. - ICP's token surged 45% to $5.20 in November 2025, driven by expanded prompt capabilities and Hong Kong's institutional push for AI-tokenized infrastructure adopti

Ethereum Updates: Meme Coins Thrive Amid Crypto Downturn – Breakthrough Innovation or Speculative Craze?
- Crypto investors turn to high-risk meme coins amid market volatility, with Solana outpacing Ethereum in app revenue despite ETH's 4.47% drop. - Noomez, a Solana-based meme coin, introduces a deflationary burn mechanism and structured roadmap to differentiate from hype-driven projects. - MoonBull surges 7,244% in presale, drawing comparisons to SPX6900, but faces skepticism over sustainability and regulatory risks. - Analysts warn meme coins lack fundamentals, relying on social media momentum as tradition
Solana's Abrupt Price Swings: Causes Behind the Drop and Implications for Cryptocurrency Investors
- Solana's on-chain metrics show strong transaction volume (543M/week) and DEX activity ($29B), but prices fluctuated between $140-$160 recently. - Liquidity risks emerge as TVL declines 11% from Q3 peak to $10.2B, while stablecoin market cap drops 8.16% to $13.8B, exacerbating volatility. - Validator activity reveals mixed signals: retail futures OI rises 2.73% to $7.64B, but institutional inflows remain inconsistent with $9.7M net ETF inflows. - Developer initiatives like Circle's 7.5B USDC mint and BPC
