According to Transportation @SecDuffy, a new official report criticizes the California high-speed rail project for failing to lay any high-speed track in the past 10 years since breaking ground, labeling it a 'boondoggle' and threatening to halt federal funding (source: @SecDuffy, Twitter). This development could negatively affect infrastructure and construction-related stocks, as investor confidence in large-scale transport projects dwindles. For the cryptocurrency market, the potential withdrawal of federal funding from major infrastructure projects may signal broader fiscal tightening, potentially reducing liquidity and risk appetite in both traditional and crypto asset classes. Traders should monitor related equity sectors and watch for shifts in macroeconomic policy affecting digital asset flows.

According to The Kobeissi Letter, the US Congressional Budget Office (CBO) projects that the US Debt-to-GDP ratio could soar to 220% by 2055 if the 2017 tax reductions are extended indefinitely, which is 64 percentage points above the baseline projection (source: The Kobeissi Letter, May 21, 2025). This trajectory signals significant fiscal instability and could undermine confidence in US government bonds, increasing demand for alternative assets like Bitcoin and other cryptocurrencies among global investors. Traders should monitor macroeconomic policy changes closely, as elevated debt levels historically drive shifts in capital flows toward non-sovereign stores of value, potentially increasing crypto market volatility and trading opportunities.