Issuers in the United States are registering ETFs for Solana and XRP ahead of the November presidential elections. Bloomberg analyst Eric Balchunas stated that the recent ETF filings for these cryptocurrencies are akin to 'call options on a Trump victory.' The upcoming election features Republican candidate Donald Trump, who aims to position America as the 'crypto capital of the world,' against Democrat Kamala Harris, who has a more muted position on cryptocurrency. Trump has openly criticized current SEC Chairman Gary Gensler and has vowed to make significant changes if elected. Meanwhile, under President Biden, the SEC has pursued a stringent regulatory approach, affecting the cryptocurrency landscape significantly. Notably, Bitcoin and Ether ETFs were approved earlier this year, paving the way for further crypto ETF applications, including those for Solana and XRP. Additionally, three-quarters of crypto holders indicate that a candidate's stance on crypto influences their voting decisions, highlighting the critical intersection of cryptocurrency policy and political dynamics in the upcoming election.

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