According to The Kobeissi Letter, President Trump has announced support for eliminating the US debt ceiling, aligning with Senator Elizabeth Warren’s stance that the debt limit should be entirely scrapped (source: The Kobeissi Letter, June 4, 2025). Removing the congressional vote on debt ceiling increases could signal a shift toward unchecked fiscal policy, which historically leads to inflationary pressures. For crypto traders, this development is critical: uncertainty around US fiscal responsibility often drives increased demand for Bitcoin and other digital assets as inflation hedges. Market participants should closely monitor US legislative responses, as further movement on the debt ceiling could increase volatility and trading volumes in major cryptocurrencies.