According to @DowdEdward, several public utility commissions are pausing new AI connections to the grid, implying delayed deployments for AI data centers and slower revenue ramp for AI startups (Source: Edward Dowd, X, Oct 17, 2025). Based on this, lenders should extend cash-flow projections by years, which reduces the present value of outstanding loans and erodes equity buffers on AI-exposed credits, increasing near-term credit risk and potential repricing (Source: Edward Dowd, X, Oct 17, 2025). Traders should monitor AI infrastructure borrowers, private credit funds, and vendors tied to deployment timelines for signs of funding stress or covenant pressure stemming from delayed interconnections (Source: Edward Dowd, X, Oct 17, 2025). The source does not cite direct crypto-market impacts; the comment centers on lender assumptions and AI startup cash flows (Source: Edward Dowd, X, Oct 17, 2025).