Fed's Waller (Voter, Dove) says that clarity on crypto sees to be stalled in congress

• Trump-induced crypto euphoria may be fading. 

Waller’s comments indicate that regulatory progress on cryptocurrencies remains unclear, which suggests continued volatility in the crypto market. If the U.S. Congress is stalling, it may weigh on investor sentiment, impacting not only crypto but also broader markets, especially as any announcement on crypto regulation might influence Fed policy discussions regarding financial stability. This dovish stance could support the USD in a flight to safety as market clarity diminishes.