In the Swiss lakeside town of Lugano, residents can pay for meals, shopping and even taxes with bitcoin, as part of local government's push to lure more cryptocurrency companies to the area.
Many cryptocurrencies like Dogecoin or Solana, known as altcoins, are waiting for approval by the SEC to be traded as exchange-traded funds. But with the government shutdown, that wait could be a lot longer.
Bitcoin backers argue that the cryptocurrency should be immune from the inflationary impacts of tariffs or eroding faith in the U.S. dollar. Others are skeptical.