According to Fox News, tensions escalated as Trump's border czar responded to California Governor Newsom's 'arrest me' challenge during ongoing riots over ICE raids in California (source: Fox News, June 11, 2025). The heightened political volatility and civil unrest in a major U.S. state could increase short-term volatility for USD-pegged stablecoins and U.S.-regulated crypto exchanges, as traders watch for potential regulatory or enforcement shifts. Crypto investors should closely monitor any federal actions or California state resistance, as these could impact onramps, offramps, and the broader perception of regulatory stability for the U.S. crypto market.