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The longest recorded US government shutdown is finally poised to conclude, with the House of Representatives approving a contentious funding measure on Wednesday.
The measure is now en route to US President Donald Trump, who is anticipated to endorse it on Wednesday night.
Both Democratic and Republican legislators vigorously contested the measure in the House of Representatives, preceding a concluding vote that ultimately favored the measure, receiving 222 votes in favor and 209 opposed.
As per a declaration acquired by Fox News Digital, US President Donald Trump has already signaled that he will endorse the measure, which would formally conclude the shutdown. The BBC states that Trump intends to sign the measure at 9:45 pm local time during a private dinner with industry leaders.
“The Administration encourages every Member of Congress to back this responsible, good faith product to finally conclude the longest shutdown in history,” the declaration stated.
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The funding measure is set to finance most of the government’s expenditures until the end of January next year.
The measure experienced a deadlock, with neither side of the political spectrum willing to compromise. Democrats sought to stop the measure, insisting on more funding for healthcare and the cost-of-living crisis. Republicans rejected addressing these issues in the measure, instead advocating for the government to reopen and vowing to tackle these concerns afterward.
The government shutdown has stalled the advancement of crypto measures and left a substantial number of spot-crypto exchange-traded fund applications pending on the Securities and Exchange Commission’s desk.
Meanwhile, other measures — such as the comprehensive market structure measure — which have seen some advancement even during the shutdown, will now be able to gather more momentum.
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