ChainCatcher news, Jean Boivin of BlackRock Investment Institute stated that the market is underestimating the risk of disputes over the election results among U.S. presidential candidates next month. A controversial victory could lead to "weeks of very chaotic legal battles," which could shake risk assets.While the stock market remains close to historical highs, government bonds have already been hit by a sell-off. Attempting to trade the U.S. election is "foolish behavior," and the real focus should be on the scenario of a disputed election, which the market has not fully reflected. If investors want to prepare for a certain situation, a disputed U.S. election result is one of those scenarios. Due to the tight race, voters and investors are increasingly likely to wait until after election night to know the results—especially if any candidate chooses to contest the vote count in key swing states.

ChainCatcher News, the U.S. Senate unanimously passed the "Strengthening Presidential Security Act," aimed at enhancing the Secret Service's protection of major presidential candidates. After U.S. Republican presidential candidate Trump faced two "assassination attempts" this year, the U.S. House of Representatives unanimously passed the bill on September 20 and submitted it for Senate review. The bill will strengthen the Secret Service's protection of presidential candidates to the same level as the current president. Additionally, the bill expands presidential-level protection to vice presidential candidates and requires the Secret Service to regularly report to the leaders of the House and Senate on the status of candidate protection.

ChainCatcher news, according to The Block, Bitcoin broke through $68,000 early this morning. Rachael Lucas, a cryptocurrency analyst at BTC Markets, stated, "One of the main drivers of the rise is the significant inflow of funds into Bitcoin ETFs."According to data from SoSoValue, the U.S. Bitcoin spot ETF recorded net inflows for the eleventh consecutive day on Friday, with BlackRock's IBIT accumulating nearly $19 billion in net inflows since its inception.Meanwhile, the rise in Bitcoin seems to be influenced by U.S. President Biden's announcement that he will not participate in the upcoming presidential election in November, which could increase the likelihood of Republican candidate Trump, who supports cryptocurrency, winning. While Biden supports Vice President Kamala Harris to succeed him as the Democratic nominee, Harris has yet to express her views for or against the cryptocurrency industry.Rachael Lucas noted that market trends may still be affected by the repayments owed by Mt. Gox, as most expected creditor repayments (totaling $9 billion) are anticipated to be processed by early August, leaving the market potentially facing short-term uncertainties.

ChainCatcher news, U.S. prosecutors do not plan to conduct a second trial for FTX founder SBF, as some charges against him (including foreign bribery and bank fraud charges) have been dropped, and prosecutors have also decided not to pursue a charge of illegal political donations. (Note: SBF donated to a large number of Democratic and Republican politicians. Prosecutors had accused SBF of using customer funds for $100 million in political donations.)Presidential candidate Robert F. Kennedy Jr. stated, "No one is surprised. This is a bigger issue than the fraud itself. It shows that corruption has become normalized." Elon Musk replied to the same post: "!!". Coinbase's Chief Legal Officer Paul Grewal stated that the decision to drop the charges is "judicial injustice." "The public interest in a public hearing of the charges is almost always significant. Campaign finance allegations are a top priority. What politicians and others knew and when they knew it are key questions that deserve answers."SBF's sentencing is currently scheduled for March 28, 2024.

ChainCatcher news, according to Beincrypto, U.S. presidential candidate Vivek Ramaswamy is known for his pro-cryptocurrency stance, and he has harshly criticized Gary Gensler and the U.S. Securities and Exchange Commission (SEC) for failing to clarify cryptocurrency regulations. In a Republican primary debate, Ramaswamy was asked whether cryptocurrencies would also provide economic freedom to bad actors. Ramaswamy stated that regulators must keep up with current trends, as wrongdoers have long been deceiving people, using the collapse of FTX as an example to prove that the current regulatory framework is ineffective.Additionally, another Republican U.S. presidential candidate, Ron DeSantis, opposes central bank digital currencies and has pledged to eliminate central bank digital currencies if elected.

ChainCatcher news, according to Cointelegraph, the crypto advocacy group "Stand With Crypto" initiated by the crypto exchange Coinbase plans to bring together candidates for the 2024 U.S. presidential election to discuss blockchain technology and digital assets.The Stand With Crypto website shows that Republican candidates Asa Hutchinson and Vivek Ramaswamy, as well as Democratic candidate Dean Phillips, will appear in person in New Hampshire on December 11 to discuss issues related to digital assets. Invited candidates include former President Donald Trump, independent candidate Robert F. Kennedy Jr., and Republicans Doug Burgum, Nikki Haley, Ron DeSantis, and Chris Christie.Stand with Crypto states: "This unique opportunity allows you to hear from each presidential candidate and provides a platform for candidates to speak to the crypto and blockchain community in New Hampshire. The topics will not be limited to crypto-specific issues. Instead, this forum aims to enable candidates to address a range of policies to the cryptocurrency and blockchain community before the New Hampshire primary."It is reported that on January 23, New Hampshire will hold one of the first primaries for the 2024 U.S. presidential election.