Debt Ceiling Agreement Reached
The US government has reached an agreement on the debt ceiling. A vote is still needed from the House of Representatives, with both Republicans and Democrats needing to pass it by June 6 before a default occurs.
Crypto Market Reacts
The crypto market is reacting to the uncertainty, with Bitcoin and Ethereum rising strongly. AI tokens have made especially strong gains today, such as Ocean (OCEAN), SingularityNET (AGIX) and Matrix.ai (MAN).
Chip Roy Comments
Republican lawmaker Chip Roy tweeted in regards to the deal: “they haven’t been educated yet on what a t*rd-sandwich this “deal” is. They will be.“
Crypto as Hedge Against Debt Debacle
Investors are using crypto assets as a hedge against risk and for diversification purposes due to the uncertainty surrounding the debt ceiling agreement.
This article is provided for informational purposes only and should not be used as legal, tax, investment, financial or other advice.