According to the source, Democrats’ odds to win control of the U.S. House have improved and Rep. Maxine Waters criticized SEC Chair Gary Gensler’s approach to crypto, source: the source. A House majority controls committee leadership, so a Democratic flip would likely return Waters to lead the House Financial Services Committee that oversees the SEC’s agenda, source: U.S. House Committee on Financial Services. The SEC’s enforcement and rulemaking directly affect crypto market structure, token classifications, and exchange operations, which can influence liquidity and pricing for major assets, source: U.S. Securities and Exchange Commission. For trading, monitor BTC and ETH implied volatility and skew on CME around policy headlines, as CME is a primary U.S.-regulated venue for crypto derivatives and provides reference options metrics, source: CME Group. Track stablecoin market depth and spreads in USD and USDT pairs to assess potential liquidity shifts during U.S. policy news windows, source: Kaiko.

According to Fox News, federal authorities have strongly criticized Representative Maxine Waters for allegedly 'taunting' National Guardsmen and spreading inaccurate information regarding ongoing riots (source: Fox News, June 9, 2025). This high-profile political controversy has led to increased volatility in broader financial markets, with crypto traders monitoring for potential regulatory or sentiment-driven shifts that could affect digital asset prices. Such political tensions often lead to risk-off movements in traditional markets, which historically correlate with sudden moves in major cryptocurrencies like Bitcoin and Ethereum as traders seek alternative assets.