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The National Border Patrol Council just endorsed Markwayne Mullin as the next DHS Secretary.
Most people see this as a political story.
I see it as a market signal.
Tighter border = stricter crypto on/off ramp enforcement at US borders. Mullin has been vocal about financial crime and illicit crypto flows.
Watch how DHS leadership changes historically correlate with crypto regulation tightening.
This isn't FUD. It's pattern recognition.