According to Fox News, former President Trump has signed resolutions to shut down California's electric vehicle (EV) rules as reported on June 12, 2025. This regulatory rollback is expected to affect leading EV manufacturers like Tesla (TSLA), Rivian (RIVN), and Lucid Motors (LCID), potentially increasing volatility in their stock prices. The move may also influence cryptocurrency markets, particularly tokens tied to clean energy and carbon credits, such as Energy Web Token (EWT) and KlimaDAO (KLIMA), as investors reassess the outlook for green tech adoption and related blockchain projects. (Source: Fox News)