The SEC has increased its scrutiny of the cryptocurrency industry over the years. 

Durov is accused of complicity in a slew of cybercrime stemming from his failure to enforce content moderation on Telegram.

On Aug. 24, Durov was arrested at Le Bourget airport north of Paris. 

Nelson’s statements come in spite of the Democratic Party’s 2024 policy platform making no mention of crypto.

Meanwhile, analysts believe that approval of spot Solana ETFs in the U.S. is unlikely under the current administration.

The 90-page document makes no mention of cryptocurrency at a pivotal time in U.S. politics, despite Trump embracing the industry.

“It’s equitable. It's collateral anyone can get access to and do so instantly,” Eric Trump said in an interview with the New York Post.

Harris leads Trump by 10 points.

Web3 advocates described the move as the latest chapter in a coordinated attack on U.S. banks providing services to crypto firms.

A recent Zoom meeting between high-ranking Democrats and crypto industry execs reportedly went poorly.