ChainCatcher news, according to Jinshi reports, 8 informed sources revealed that Trump's transition team is considering a former Uber executive and three current or former Republican congressmen (one of whom is now a Fox News host) to lead the U.S. Department of Transportation.Three sources stated that Trump's donor, tech entrepreneur with social ties to Musk, and former Uber executive Emil Michael has emerged as a leading contender.Seven sources mentioned that other candidates include Missouri House Representative and Chair of the Transportation and Infrastructure Committee Sam Graves, outgoing Louisiana Republican Congressman Garret Graves, and former Wisconsin Congressman Sean Duffy, who is currently a Fox News host.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, 18 states in the U.S. have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional overreach and unfair "persecution" of the crypto industry under the leadership of SEC Chairman Gary Gensler.The lawsuit, signed by 18 Republican state attorneys general, details how the agency has engaged in "severe government overreach" through enforcement actions against the $3 trillion industry, infringing upon the states' authority to regulate their own economies.The 18 Republican state attorneys general are asking the court to declare that "digital asset transactions are not investment contracts" and to issue an order preventing the SEC from bringing future charges against "digital asset platforms that fail to register as exchanges, dealers, brokers, or clearing agencies." According to the complaint, many states have already developed their own regulatory frameworks for the crypto industry and encourage its growth.According to Nebraska Attorney General Mike Hilgers, Nebraska and Kentucky are jointly leading a coalition of 18 states challenging the Biden-Harris administration's illegal and broad regulation of cryptocurrencies. In a lawsuit filed in the U.S. District Court for the Eastern District of Kentucky, the state attorneys general and other parties accuse the SEC of exceeding its authority.Despite the SEC and its chairman previously taking actions and making public statements, the agency has launched a regulatory offensive against crypto companies. The SEC has exceeded the authority granted by Congress, attempting to classify cryptocurrencies as investment contracts to bring them under SEC regulation.In addition to Nebraska and Kentucky, the participating states include Arkansas, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and West Virginia.

ChainCatcher news, according to Fox reporter Eleanor Terrett, the Pennsylvania House of Representatives today submitted a legislative proposal that allows the state to include Bitcoin (BTC) as a reserve asset on its balance sheet.

ChainCatcher news, according to Fox News, Trump wins in the key state of Pennsylvania. (The state has 19 electoral votes)Previous news, former U.S. President Trump stated that if he wins Pennsylvania, he wins the entire election.

ChainCatcher news, Fox News reports, Trump is expected to win in South Carolina.

ChainCatcher news, according to FOX Business, six states in the United States have taken the lead in ending presidential election voting.At 7 PM Eastern Time on November 5, the polling stations in Georgia, Indiana, Kentucky, South Carolina, Vermont, and Virginia closed. At 7:30 PM Eastern Time, the polling stations in North Carolina, Ohio, and West Virginia will close.

ChainCatcher news, Fox Business host stated: "El Salvador is now achieving the 'American Dream' through Bitcoin." El Salvador is a Bitcoin nation, and Bitcoin is legal tender.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on X platform that today, Ripple will submit its C form (civil appeal document), outlining its main appeals against the SEC's case in the Second Circuit Court. Given that we saw the SEC appeal nearly everything it lost at the district court level last week, Ripple expects to appeal only the one matter it lost: the district court's ruling that the XRP tokens sold by the company constitute the sale of unregistered securities.Last week in Miami, when I interviewed Brad Garlinghouse (Ripple CEO) and Stuart Alderoty (Ripple Chief Legal Officer), they emphasized their strong confidence in Ripple's victory in the Second Circuit Court. Alderoty stated, "I feel very good about our case at the district level. And for a variety of reasons, I feel even better about our case in the Second Circuit. The Second Circuit traditionally does not favor the SEC. They also do not like overregulation. Statistically, if they lose, the likelihood of the Second Circuit overturning the original ruling is about 10% or lower. So, I feel, as a litigator, I am a bit superstitious; I don’t like to predict outcomes, and certainly won’t guarantee them, but I feel very good about the outcome in the Second Circuit. I believe they will not only support Judge Torres, but I think they will go even further. I believe they will strengthen her ruling. At that point, the SEC will once again find itself in a losing position, and whether to appeal this case to the Supreme Court will be up to them."When I asked Garlinghouse about the possibility of the case being appealed all the way to the Supreme Court, he told me, "I am very confident we will win the appeal, which will really deliver a fatal blow to Gary Gensler's entire cryptocurrency regulatory agenda." He added, "Honestly, I am not worried about it at all. I am confident because I believe we stand on the side of legal justice. I think we stand on the right side of history."

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform: "Although no major cryptocurrency participants registered with the U.S. Securities and Exchange Commission (SEC) in 2024, the commission has still included cryptocurrencies in its 2025 review priority list. The only two crypto assets I can think of that the SEC has interacted with in a regulatory role (rather than an enforcement role) are the ETFs for Bitcoin and Ethereum. Will the review focus on these ETFs and the companies associated with them?"

According to ChainCatcher news, Fox Business reporter Eleanor Terrett disclosed that Litecoin (LTC) founder Charlie Lee stated in an interview with Fox Business Channel, "I am glad to see Canary Capital submit a Litecoin ETF application. We are indeed seeing a lot of institutional demand for Litecoin. The daily growth of the Grayscale Litecoin Trust clearly shows institutional demand, with its price currently more than twice the net asset value. Given that Litecoin is a commodity very similar to Bitcoin, I hope to see the Litecoin ETF approved soon."Previous news, ETF issuer Canary Capital has submitted a registration application for the Litecoin ETF to the SEC.

ChainCatcher news, a Fox News poll shows that former President Trump is leading Vice President Harris nationwide by 50% to 48%.

ChainCatcher news, FOX reporter Eleanor Terrett posted on social media that this year the SEC's "revolving door" phenomenon is particularly evident, with several well-known officials leaving to join private companies that serve clients in the financial services industry.Former Acting Head of the Crypto Assets and Cyber Unit Carolyn Welshhans has joined Morgan Lewis, focusing on securities enforcement matters.Former Director of the Enforcement Division Gurbir Grewal has joined Milbank Law as a partner, and the firm is currently representing clients like Binance in lawsuits with the SEC, which were initiated during Grewal's tenure.Former Head of the Crypto Assets and Cyber Unit David Hirsch has joined McGuireWoods LLP to provide consulting services on crypto-related matters and cybersecurity regulations.Ladan Stewart, who previously brought lawsuits against Coinbase and Ripple for the SEC, has now joined White & Case to assist clients in dealing with SEC enforcement actions related to crypto and other areas.

ChainCatcher news, FOX reporter Eleanor Terrett posted on social media that Ripple founder Chris Larsen has made the first recorded cryptocurrency donation to Kamala Harris. According to new filings with the Federal Election Commission (FEC), Larsen donated $1 million worth of XRP to Future Forward USA, one of the major super PACs supporting Harris.

ChainCatcher news, according to The New York Times, former U.S. President Trump has agreed to participate in a Fox News "town hall meeting" in Georgia on October 16.

ChainCatcher news, according to Reuters, former U.S. President Donald Trump has declined an invitation from Fox News to participate in a second presidential debate with Vice President Kamala Harris on October 24 or 27.Trump stated that there will be no more debates before the election on November 5. Harris had previously accepted CNN's invitation for a debate on October 23, which Trump also declined. Following their first debate on September 10, current polls show a tight race. Trump stated through Truth Social: "There will be no rematch, so there is nothing to debate."

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on X that the super PAC supporting cryptocurrency has become the organization that has invested the most funds in the Ohio Senate campaign.The latest advertising spending has made "Defend American Jobs," funded by major crypto companies like Coinbase and Ripple, the largest spender in the state's Senate campaign to date.

ChainCatcher news, according to Jinshi reports, Fox News proposed to hold the Harris-Trump election debate in Pennsylvania on October 24 or 27.

ChainCatcher news, FOX reporter Eleanor Terrett posted on social media stating, "Ripple's Chief Legal Officer Stuart Alderoty said that Ripple is considering filing a counterclaim. This means Ripple may appeal Judge Torres's ruling on institutional sales or the $125 million fine. Both appeals will be handled in a case in the Second Circuit Court.If Ripple does file a counterclaim, it has 14 days to submit the application, starting from tomorrow."

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform stating: "A former SEC lawyer who recently left the agency told me that the SEC may appeal Judge Torres' ruling on the Ripple case from July 2023, partly because everyone within the SEC firmly believes that this ruling is wrong and should be appealed."It is reported that the SEC's deadline for appeal is October 7.