According to Fox News, the House passed President Trump's 'big, beautiful' budget bill in a late-night session, prompting accusations of cowardice from Democrats over the timing of the vote (Fox News, May 20, 2025). For crypto traders, the bill’s passage signals possible regulatory changes and fiscal policies that could impact digital asset markets, especially as government spending and financial priorities shift. Market participants should monitor upcoming policy details for implications on crypto taxation and federal oversight.

According to Michaël van de Poppe (@CryptoMichNL), expanding liquidity and the current business cycle, combined with easing fiscal policies, are providing significant bullish momentum for Ethereum (ETH) and the broader crypto market. This macroeconomic environment is acting as a tailwind, supporting altcoin allocations and suggesting potential upward price action in the near term. Traders are advised to monitor fiscal policy shifts closely as they can rapidly impact crypto prices and portfolio allocations (source: Twitter/@CryptoMichNL, May 8, 2025).