The US Treasury has issued a strong call to Congress to address the looming debt ceiling deadline, set for this summer. This warning comes as key economic indicators paint a picture of potential market volatility and uncertainty across cryptocurrency markets. 5th-ranked Treasury Secretary Scott Bessent has urged immediate action from Congress to avert financial instability should the debt limit not be increased. He expressed concerns about the impact on the nation’s creditworthiness and financial stability, echoing the warnings issued earlier by former Treasury Secretary Janet Yellen. These developments have sparked concerns among investors regarding potential market shifts and a heightened demand for safe-haven assets like Bitcoin (BTC) and Ethereum (ETH). Historically, debt ceiling debates often trigger volatility in these markets, as investors flock to alternative assets during times of financial uncertainty. While the debt ceiling itself does not directly finance cryptocurrencies, it plays a crucial role in shaping the overall economic landscape. The current situation emphasizes the importance of Congress taking swift action to prevent significant market disruptions and ensure long-term stability.