ChainCatcher news, according to Jinshi reports, the U.S. Senate has passed a temporary funding bill to avoid a government shutdown, and Biden is expected to sign the bill into law on Saturday.ChainCatcher previously reported, citing Fox News as reported by Jinshi, that after Congress failed to pass a temporary spending bill to avoid a government shutdown and send it to President Biden's desk before the deadline, some government agencies have shut down. The Senate is currently actively voting on amendments and other deliberations to submit the bill to Biden. This temporary bill is expected to pass in the Senate within the next few hours.This partial government shutdown comes just days before Christmas and New Year. However, since the Senate is expected to pass the bill shortly, the disruption to government functions from the brief shutdown will be minimal.

ChainCatcher news, according to Jin Shi citing Fox, after Congress failed to pass a temporary spending bill to avoid a government shutdown and send it to President Biden's desk before the deadline, some government agencies have shut down. The Senate is currently actively voting on amendments and other deliberations to submit the bill to Biden. This temporary bill is expected to pass in the Senate within the next few hours.This partial government shutdown comes just a few days before Christmas and New Year. However, since the Senate is expected to pass the bill shortly, the disruption to government functions will be minimal.

ChainCatcher news, according to Fox News, sources say that Republican negotiators in the U.S. House of Representatives have reached a preliminary agreement on Plan C to avoid a government shutdown at the end of Friday. The agreement will include a short-term extension of this year's federal funding levels, disaster relief funds, and agricultural support for farmers— but will be divided into three separate bills.The agreement will also include a handshake deal to take action on next year's debt ceiling, which is part of the Republican plan to pursue large-scale conservative policy reforms through the reconciliation process. (Jin Shi)

ChainCatcher News: House Republicans are looking for ways to avoid a government shutdown, as their second funding proposal was rejected on Thursday night. There are only a few hours left until the Friday deadline.House Speaker Johnson stated earlier on Friday that Republicans have reached a C plan to avoid a government shutdown and plan to vote on it soon. Senate Republicans expressed their disappointment over the failure of two proposals they witnessed in the House to fund the government through Christmas, calling it a "chaotic farce" and a "disaster." Incoming Senate Majority Leader John Thune (Republican) said as he left the Capitol, "I think everything is back to square one."

ChainCatcher news, according to Fox News reported by Jin Shi, the U.S. House of Representatives may vote on a temporary solution to the government shutdown at 10 AM local time on Friday.

ChainCatcher news, according to The Block, Markus Thielen, the head of cryptocurrency research and strategy at investment firm Matrixport, stated that U.S. President Joe Biden signed a temporary spending bill yesterday, which avoided the possibility of a government shutdown and mitigated the risk of further sell-offs in the cryptocurrency market.Thielen believes that if the government were to continue shutting down, non-essential government work would cease, including progress at the Securities and Exchange Commission regarding potential Bitcoin spot ETF approvals, which could even halt until January 2024, leading to more profit-taking and a potential 10% drop in Bitcoin.