According to people familiar with the matter, the leadership of the U.S. Senate Banking Committee hopes to complete the revision of the Responsible Financial Innovation Act by the end of this month. The House of Representatives passed the Financial Transparency Act in July, after which the Senate Banking Committee and the Agriculture Committee each developed bills, which will later be merged. Republicans on the Banking Committee released a revised version last month, and Democrats provided a list of principles they hope the legislation will include. The Agriculture Committee's draft has not yet been released, and it may take longer to complete. Although the U.S. Senate once again rejected two plans to provide funding for the federal government to end the nine-day shutdown, and the cryptocurrency policy agenda has been shelved due to an uncertain budget, Washington insiders feel that the momentum has not completely disappeared. The House of Representatives has suspended work due to the shutdown, and the Senate is still meeting on budget and cryptocurrency-related issues. (Blockworks)