According to Eleanor Terrett, the US Senate is holding a cloture vote which is critical for advancing new cryptocurrency regulation legislation (source: Eleanor Terrett, Twitter, May 8, 2025). Traders should note that the outcome of this vote may directly impact Bitcoin price volatility and major altcoin liquidity, as regulatory clarity or additional restrictions could affect institutional participation and trading volumes. Market participants are closely monitoring the vote for signals on future compliance requirements and potential crypto ETF approvals.