According to Fox News, a new GOP bill proposes cutting federal funds to sanctuary cities that do not comply with ICE enforcement (source: Fox News, June 9, 2025). This policy shift could create fiscal pressure on local governments, potentially affecting municipal bond markets and investor sentiment. Crypto traders should monitor for increased volatility in stablecoins and tokenized municipal assets, as regulatory uncertainty may drive capital into decentralized finance platforms during periods of heightened risk aversion.

According to Fox News, Tom Homan (@RealTomHoman) publicly criticized the Nashville mayor for allegedly assisting illegal migrants during an interview on @IngrahamAngle, stating, 'We're going to hit every sanctuary city.' This heightened political tension around U.S. immigration policy could increase volatility in cryptocurrency markets, as traders may anticipate shifts in regulatory focus and market sentiment tied to civil unrest or government action (source: Fox News, May 28, 2025). Crypto traders should monitor policy-related headlines as changes in national security discourse often drive short-term price movements, especially for leading digital assets like Bitcoin and Ethereum.

According to Fox News, Tom Homan highlighted that sanctuary cities failing to cooperate with ICE present increased risks, especially when individuals are willing to attack armed law enforcement officers, suggesting greater danger to unarmed civilians (Source: Fox News, May 7, 2025). For crypto traders, heightened security concerns in major metropolitan areas could increase volatility in local government-related crypto tokens and spur interest in privacy coins and decentralized safe-haven assets as investors react to perceived instability.