Senator Thomas Carper, a close ally of US President Joe Biden and member of the Senate Finance Committee, has reportedly placed a significant financial bet against the US economy. His wife purchased up to $95,000 in shares of Ranger Equity Bear ETF and ProShares Short QQQ on July 13, funds that short stocks as a precaution against economic downturns. This comes amidst increasing regulatory pressures on the cryptocurrency industry by US watchdogs, who argue that digital assets pose a threat to the economy. The Biden administration has also expressed concern over the impact of cryptocurrency market turmoil on average Americans' financial health.