According to Fox News, the Newark mayor has filed a lawsuit against the interim US attorney, alleging 'malicious prosecution' following an arrest at an ICE facility (source: Fox News, June 3, 2025). This legal escalation could introduce short-term uncertainty in regulatory environments, potentially impacting the confidence of cryptocurrency traders who are sensitive to shifts in US legal frameworks. Market participants should monitor for any regulatory ripple effects, as this development might influence risk sentiment and volatility in crypto assets trading in the US.

According to Fox News, Jeanine Pirro was sworn in as interim US attorney and pledged 'no more mercy for criminals,' signaling a potentially tougher regulatory environment. Traders are watching for increased enforcement actions that could impact cryptocurrencies, particularly in areas tied to compliance and anti-money laundering, as U.S. law enforcement may heighten scrutiny on crypto transactions and exchanges (Source: Fox News, May 28, 2025).

According to Fox News, a government watchdog reported that US Attorney staff in New York City may have undermined former President Trump’s efforts to repeal the NYC driving tax, potentially influencing local economic conditions and investor sentiment. This development could affect cryptocurrency trading volumes and digital asset flows in New York, as regulatory stability is a key consideration for crypto traders and institutional investors operating in major financial hubs. Source: Fox News (May 20, 2025).