According to Fox News, Senate Republicans are voicing concerns about significant Medicaid spending changes included in the Trump administration’s latest megabill, warning of increased government expenditure and fiscal uncertainty. For traders, this development could heighten overall market volatility and prompt increased risk-off sentiment, which has historically driven capital flows into major cryptocurrencies such as Bitcoin (BTC). Additionally, uncertainty around federal spending could impact stablecoin demand and drive increased crypto trading volumes as investors seek alternative hedges. Source: Fox News, June 17, 2025.

According to Eleanor Terrett, Senate Republicans are maintaining a firm stance during ongoing crypto regulation negotiations, as reported on May 5, 2025 (source: Twitter @EleanorTerrett). This unwavering position indicates continued legislative gridlock, which traders should monitor closely, as it could delay regulatory clarity for digital asset markets. Such uncertainty often leads to increased volatility in major cryptocurrencies and related stocks, impacting short-term trading strategies and risk management.