According to Fox News, former President Trump has sent a $9.4 billion cuts proposal to Congress, specifically targeting funding for NPR and PBS. While the proposed spending cuts are focused on public broadcasting, the report notes that the referenced amount is labeled in DOGE (Dogecoin) terms, drawing attention from the cryptocurrency market. This unusual approach has sparked increased trading volume and volatility in Dogecoin, as traders anticipate potential policy shifts or mainstream adoption signals. Crypto market participants are closely monitoring legislative developments for any further references to digital assets in government proposals. (Source: Fox News, June 3, 2025)

According to paulgrewal.eth, there is significant appreciation for Acting Chairman Travis Hill's new approach to digital assets policy at the FDIC. This move is seen as crucial for addressing previous issues related to the FOIA, which have impacted the crypto industry. The focus on correcting these past wrongs is expected to create a more favorable regulatory environment for crypto trading and banking. (Source: paulgrewal.eth)