U.S. Senate Passes Bill Ahead of House Vote Amid Potential Government Shutdown

The U.S. Senate has approved a new bill, with the House of Representatives scheduled to conduct its final vote on February 2. There is a possibility of a partial government shutdown on January 31, which could lead to increased uncertainty in policy. Jack Kong, CEO of Nano Labs, posted on X that such uncertainty often drives funds towards safe-haven assets like Bitcoin. Historically, during government shutdowns, the cryptocurrency market has experienced volatility as investors seek decentralized assets to hedge against risks in the traditional financial system. In the short term, attention is focused on changes in market sentiment.