According to Deep Tide TechFlow news on October 22, DL News reported that Maxine Waters, the chief Democrat on the U.S. House Financial Services Committee, warned that the ongoing government shutdown is sowing the seeds for another market disaster. Trump and the Republicans' attempts to integrate Crypto Assets into the TradFi system without establishing an appropriate regulatory framework increase the likelihood of a future collapse.
Waters pointed out that the government shutdown has entered its 21st day, and 90% of the staff at the U.S. Securities and Exchange Commission have been forced to take leave, with most enforcement activities suspended, while the Commodity Futures Trading Commission is also effectively shut down. In the market crash on October 10, Bitcoin plummeted 14.6%, Ethereum dropped 21%, Dogecoin fell over 50%, and
$TRUMP token most