#CongressTradingBan

On April 16, 2025, Senator Josh Hawley announced plans to reintroduce a bill that would prohibit members of Congress from trading stocks, an event that has sent ripples across financial markets, including the cryptocurrency sector. The announcement was met with disbelief by House Speaker Nancy Pelosi, as reported by Crypto Rover on Twitter. Following the news, the crypto market experienced immediate volatility. Bitcoin (BTC) saw a sharp decline of 3.2% within the first hour of the announcement, dropping from $65,000 to $62,920 at 10:15 AM EST (source: CoinMarketCap). Ethereum (ETH) followed suit, decreasing by 2.8% to $3,150 at the same time (source: CoinGecko). This rapid reaction underscores the sensitivity of crypto assets to regulatory news affecting traditional financial markets.