According to Fox News, a new report led by Senator Ron Johnson alleges that high-level officials in the Biden administration may have downplayed and delayed disclosure of potential health risks related to COVID-19 vaccines. This revelation has triggered fresh concerns among investors about regulatory risks facing biotech and pharmaceutical stocks (source: Fox News, May 22, 2025). As a result, market participants are closely monitoring any spillover effects on broader sentiment, including potential risk-off moves that could impact crypto markets, especially as regulatory scrutiny and public trust issues tend to amplify volatility in digital assets.