Bob Baxley, CTO of DeFi infrastructure platform Maverick Protocol, said the cryptocurrency market will now have to consider the U.S. Treasury's move to replenish its general account (TGA), which has shrunk in recent months. This could reduce the liquidity that would otherwise be available for investing in digital assets. The repatriation of roughly trillions of dollars to general accounts could suck a lot of liquidity out of the market. Something similar happened in 2019, with the pressure on the markets essentially forcing the Fed to step in and increase emergency liquidity to prevent a full-blown crisis. So having a deal doesn't mean we're out of the woods. Note: The full name of the TGA account, TheTreasury General Account, can be simply understood as the deposit account of the U.S. Treasury Department in the U.S. Central Bank.