According to The White House (@WhiteHouse), John Phelan has officially been sworn in as the Secretary of the Navy by @SecScottBessent in the Oval Office (source: White House Twitter, June 6, 2025). This leadership transition could signal renewed momentum in U.S. defense policy, which historically influences defense sector stocks such as Lockheed Martin and Northrop Grumman. Crypto traders should monitor increased market volatility tied to defense spending news, as major geopolitical shifts often prompt safe-haven flows into Bitcoin and stablecoins during periods of uncertainty (source: CoinDesk, historical market reactions).