According to Edward Dowd on Twitter, concerns about regulatory scrutiny targeting Elon Musk due to his political support for Republicans are raising questions about impartiality. Traders are closely monitoring potential impacts on Musk-led companies like Tesla and SpaceX, as increased government oversight could influence investor sentiment and volatility in related crypto assets, especially those with exposure to Musk’s social media presence and endorsements (source: @DowdEdward, June 7, 2025).

According to Crypto Rover (@rovercrc), 12 politicians have now backed Senator Lummis' bill to purchase 1 million Bitcoin, signaling significant political support for cryptocurrency investments. This development could have a substantial impact on Bitcoin's market value and trading strategies.