In today's crypto news, Ripple CEO Brad Garlinghouse endorsed John Deaton in the Massachusetts Senate race, criticizing current Senator Elizabeth Warren for spreading misinformation about the crypto industry. Deaton’s campaign has drawn attention for its pro-XRP stance. The Nigerian government has also dropped money laundering charges against Binance executive Tigran Gambaryan, who had been detained for over seven months. The charges were dismissed at a hearing that precedes a scheduled courtroom session, allowing Gambaryan to seek medical treatment abroad. Despite this, Nigeria plans to continue its case against Binance itself. Additionally, a group of crypto academics has publicly rebutted a controversial European Central Bank paper that negatively assessed Bitcoin, calling out its claims of volatility and wealth concentration as flawed, while advocating for the benefits of cryptocurrencies compared to central bank digital currencies (CBDCs).

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