Senior US Democrats warn: Trump could cause another "catastrophic crash" in the crypto market

The cryptocurrency crash has become a political issue in the United States. Democrats warn that the government shutdown could trigger another market catastrophe, and that the paralysis of federal regulatory agencies exposes investors to significant risks. Maxine Waters, the top Democrat on the House Financial Services Committee, issued a statement on the 21st day of the shutdown, blaming Republicans. She claimed that Trump and congressional Republicans, by integrating cryptocurrencies into the traditional financial system without an appropriate regulatory framework, have amplified risks and could exacerbate similar crashes in the future. Following the October 10th market crash, Waters stated that the sell-off cost investors billions of dollars, prompting traders to flee to traditional safe-haven assets.