According to Fox News, top Republican leaders have announced that Trump's newly proposed 'big, beautiful bill' is designed to counteract President Biden's student loan forgiveness initiative, which they label as a 'scheme' (Fox News, June 11, 2025). Traders should note that this legislative development could signal increased fiscal conservatism, potentially leading to tighter liquidity conditions and a more cautious risk environment. This may impact financial stocks and could indirectly affect investor sentiment toward risk-on assets like Bitcoin (BTC) and Ethereum (ETH), as tighter fiscal policy often dampens speculative investments.