Today in crypto, SEC Chair Gary Gensler commented on the influence of crypto interest groups in the upcoming presidential election, dismissing the notion that their contributions would significantly sway the results. He highlighted the speculative nature of the crypto market and its non-compliance with various laws. Meanwhile, JPMorgan projected that if spot Solana and XRP ETFs are approved, they could attract billions in new investments, especially as a more pro-innovation regulatory environment emerges in the U.S. Global interest in cryptocurrency ETFs remains high following the approval of Bitcoin ETFs, which have significantly influenced Bitcoin's price recovery. In political news, U.S. Senator Elizabeth Warren expressed concerns about Trump’s Treasury Secretary nominee, Scott Bessent, urging for stricter regulations on cryptocurrencies to combat issues like money laundering and terrorism financing. Warren's inquiry indicates a push for enhanced regulatory oversight in the crypto space during the new administration.

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