According to Fox News, House Republicans are actively pursuing spending cancellations, with support from Elon Musk and conservative groups advocating for deeper federal budget cuts (Fox News, June 4, 2025). This move may fuel market volatility, as reduced government spending could tighten liquidity conditions, impacting both traditional markets and risk-on assets such as Bitcoin and other cryptocurrencies. Traders should closely monitor legislative developments, as fiscal tightening historically affects crypto market sentiment and capital flows.