According to Fox News, Pete Buttigieg stated during his Iowa visit that 'right now I’m not running for anything' (Fox News, May 14, 2025). For traders, Buttigieg's decision removes near-term uncertainty regarding potential policy shifts on crypto regulation at the federal level, as he has previously signaled openness to digital asset innovation. This clarity may reduce policy-driven volatility in the crypto market in the short term, while traders should continue monitoring other political candidates’ stances for regulatory impact.