Crypto markets are closely watching the Massachusetts Senate race between attorney John Deaton and Senator Elizabeth Warren, as it could impact the future of US crypto policy. Deaton opposes Warren's proposed Digital Asset Anti-Money Laundering Act, arguing it would limit regular Americans' ability to hold and self-custody crypto assets. If Deaton wins, it could block the bill's progress and preserve individual access to cryptocurrencies. However, if Warren retains her seat, a more restrictive crypto regulatory environment could be expected. Donald Trump's presidential bid has also highlighted crypto-related pledges that could reshape regulations, including establishing Bitcoin as a national strategic reserve. Ripple Labs' ongoing SEC scrutiny and Trump's pledge to replace SEC Chair Gary Gensler could potentially lead to a more lenient regulatory environment for crypto assets. The outcome of the US presidential election could also impact Bitcoin prices, with market sentiment suggesting a Republican victory could positively impact the cryptocurrency.



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