According to FOX News host Trey Gowdy (@TGowdySC), Minnesota Governor Tim Walz drew strong criticism after comparing ICE agents to the Gestapo during an anti-Trump graduation speech, as reported by FOX News. This heightened political tension is contributing to increased volatility in crypto markets, with traders expressing caution over regulatory uncertainties and potential policy shifts affecting digital assets. Market participants are closely monitoring political discourse, as such statements may influence regulatory sentiment and risk appetite in the cryptocurrency sector. (Source: FOX News via @TGowdySC)

According to Trey Gowdy on Twitter, he cautioned Tim by stating that American police should not be compared to the Gestapo and that inflammatory rhetoric could motivate unstable individuals to violence (source: Trey Gowdy Twitter). For traders, such political discourse can increase market uncertainty, potentially impacting crypto price volatility, especially in sentiment-driven assets like Bitcoin and Ethereum. Heightened social unrest or fear can lead to rapid shifts in trading volume as risk sentiment changes.