Signals have emerged that the budget impasse, which has led to the U.S. government shutdown, may finally find resolution this week. White House economic advisor Kevin Hassett’s statements are critical for the reopening of federal agencies and the reassessment of XRP ETF applications.
This Week Might See the End of the Shutdown Crisis
In a conversation with CNBC, Kevin Hassett, a key member of Donald Trump’s team, expressed optimism about the end of the government shutdown attributed to Schumer’s actions by Republicans, likely hinting at a resolution this week. Hassett noted that moderate Democrats reaching a consensus could pave the way for reopening government operations.
Hassett, seen as a strong candidate for the Fed Chair position following Jerome Powell in 2026, emphasized the necessity of reopening the government to continue negotiations smoothly. He also hinted at potential tougher measures by the Trump administration if deadlock persists.
Known for his substantial investment in Coinbase shares, exceeding one million dollars, Hassett is a longstanding advocate of blockchain and cryptocurrency technologies. Despite the government shutdown, the regulatory process for cryptocurrencies continues, with sources confirming a planned meeting between Democrat senators and representatives of Coinbase, Circle, and Ripple 
$1. The main agenda for the meeting involves U.S. cryptocurrency market legislative proposals and bipartisan collaboration opportunities.
Reviving the XRP ETF Approval Process
Due to the budget impasse, the SEC, the U.S. financial market regulator, scaled back its operations, temporarily halting new product evaluations. This suspension included the review of numerous financial products, such as XRP ETF applications.
With the end of the shutdown, it’s expected that the SEC will resume its review of XRP ETF applications from major players such as Grayscale, 21Shares, Bitwise, Canary Capital, CoinShares, and WisdomTree. Despite delays, experts affirm that institutional investor interest remains strong.
According to data obtained by Charles Schwab CEO Rick Wurster, approximately 20% of cryptocurrency ETFs in the U.S. are held in corporate clients’ portfolios. Traffic to Schwab’s cryptocurrency portal surged by 90% over the past year, coinciding with five new cryptocurrency ETF applications submitted to the SEC just last week. The increase in portal traffic underscores expectations of accelerated regulatory momentum with the government’s reopening.
