President Joe Biden vetoed a congressional resolution aiming to overturn the SEC's guidance on crypto asset classification.

The veto has sparked controversy within the cryptocurrency industry, highlighting the debate on balanced regulatory frameworks.

Biden emphasized the importance of sensible regulation and showed willingness to collaborate with Congress on this issue.

The crypto industry's political involvement is increasing, with super PACs planning significant investments to influence Senate races and support crypto-friendly candidates in the 2024 presidential election.

Donald Trump, a presumed Republican candidate, has expressed support for cryptocurrencies despite his previous skepticism.

The close race between Trump and Biden in national polls underscores the crypto industry's influence on political dynamics.

Companies like Coinbase are making substantial contributions to super PACs, with Fairshake being a notable recipient.

Franklin Templeton has entered a fee war with a 0.19% fee for their US spot ether ETF, and Grayscale is considering more affordable versions of their GBTC and ETHE products to stay competitive.

Economic reports like the ISM Services Report and US Employment Report are expected to impact market sentiments.

Bitcoin miner consolidation, such as Riot Platforms' bid to acquire Bitfarms, and headlines involving figures like Bitcoin bull Michael Saylor and Warren Pies, further shape market dynamics.