Cryptocurrency
Elizabeth Warren’s War on Crypto Continues With Suggestions for New Treasury Secretary

On Jan. 12, ranking member of the Senate Committee on Banking, Housing, and Urban Affairs, Elizabeth Warren, penned a 31-page letter to Treasury Secretary-designate Scott Bessent suggesting harsh measures for crypto regulation.
The letter was shared by the vice president of government affairs at Paradigm, Alexander Grieve, who pointed out that she was instantly on the offensive, saying that Bessent has “no government experience.”
1/ Senator Warren just sent a lengthy letter to Treasury Secretary-designate Scott Bessent.
Aside from some eyeroller lines (“Although you have had a lengthy career in the financial sector as a hedge fund manager and have been a major campaign fundraiser, you have no government… pic.twitter.com/sbeI3Zuc0M
— Alexander Grieve (@AlexanderGrieve) January 13, 2025
Crypto Warpath Continues
In the section on anti-money laundering, Warren, who defeated John Deaton in the November election, referenced the list of crypto crackdown requests she sent to Congress in late 2023, he noted. She also reiterated the well-worn arguments that crypto is for criminals:
“Bad actors are also increasingly turning to cryptocurrency to enable money laundering, sanctions evasion, and to finance major national security threats,”
She also asked Bessen, who has disclosed ownership of spot Bitcoin ETF holdings worth as much as $500,000, several questions regarding the application of tougher AML regulations, especially for digital assets.
“Should the [Treasury] agency have a secondary sanctions tool that would allow it to sever fintech and crypto operators from US relationships?” she asked.
She also asked whether the Office of Foreign Assets Control (OFAC) should have jurisdiction over dollar-denominated stablecoins.
Warren said that the Treasury, under the Biden Administration, “recognized the growing threat of crypto.” In November 2023, it outlined five legislative proposals that would help the agency “combat illicit finance related to digital assets.”
These included amending the Bank Secrecy Act to include a new crypto-related category of “financial institution” that would include crypto exchanges, unhosted wallets, decentralized finance (DeFi), and blockchain validators.
Senator Warren has continued her push to lump digital assets and decentralized protocols in the same category as traditional finance and banking. Not all are in agreement with the banking Senator, however.
Elizabeth Warren is one of the worst politicians in American history. She is anti-American, a dishonest liar, and a proven scammer. Please like and retweet if you think Trump should instruct the DOJ to prosecute her for her crimes.
— Mike Alfred (@mikealfred) January 12, 2025
Scamming Scandal?
Elizabeth Warren has also been accused this week of attempting to use the California wildfire disaster for political gain.
On Jan. 11, she posted a call to action for supporting the Los Angeles Fire Department Foundation. However, it was revealed that the link provided was not for the charity or foundation but for a Democrat fundraising platform called ActBlue that reportedly takes commissions from donations.
BREAKING: Elizabeth Warren has been caught trying to scam her supporters. pic.twitter.com/nBHgPekrwB
— aka (@akafacehots) January 12, 2025
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Cryptocurrency
3 Months Post-Launch: Nexchain’s AI-Powered Blockchain Gains Traction as One of the Best Presale Cryptos in 2025

Nexchain is leading the next wave of blockchain innovation by integrating artificial intelligence directly into its core architecture. Launched as the world’s first AI-powered blockchain platform, Nexchain aims to solve long-standing challenges in speed, scalability, and decentralization.
At the heart of this ecosystem is the NEX token, now in an active presale in stage 14. Whether it’s powering AI services, enabling lightning-fast smart contract execution, or connecting dApps across multiple blockchains, Nexchain sets a new benchmark for what Web3 platforms can achieve.
With a successful presale already underway, Nexchain is quickly trying to position itself as one of the best crypto presales in 2025.
Nexchain Brings AI to the Blockchain World
Nexchain is the first AI-powered blockchain platform that leverages machine learning to deliver lightning-fast, highly secure, and adaptable network operations. Built to overcome the limitations of traditional blockchain systems, Nexchain introduces a hybrid consensus model that merges Proof-of-Stake with AI algorithms. This combination ensures real-time optimization, network stability, and maximum efficiency for every transaction and smart contract.
One of Nexchain’s defining features is its unmatched transaction throughput—up to 400,000 transactions per second. This speed is achieved through parallel processing and predictive resource allocation, allowing for instant transfers even under heavy network load. It positions Nexchain as a go-to platform for DeFi, gaming, and AI-based decentralized applications.
Another core advantage is Nexchain’s low fees. Thanks to its energy-efficient architecture and AI-enhanced operations, the platform offers transaction costs as low as $0.001. This makes it accessible to users and developers across all markets.
Finally, Nexchain supports true interoperability. Through cross-chain bridges and seamless blockchain integrations, Nexchain enables developers to create dApps that connect across multiple networks.
From Ethereum to Solana, Nexchain ensures fluid communication and asset transfer across platforms. Combined, these features make Nexchain a powerful, future-ready platform that aligns AI with decentralized finance and development.
NEX Token Presale Gains Momentum
The NEX token is the engine that powers the entire Nexchain ecosystem. Currently priced at $0.054, it has entered its 13th stage of presale and has already raised $2.6 million. This steady fundraising success reflects strong investor confidence in Nexchain’s AI-powered blockchain vision.
NEX serves multiple functions within the platform. It is used to pay transaction fees, stake in the network’s hybrid consensus mechanism, access AI services, and participate in decentralized governance. Token holders can vote on proposals and upgrades and even influence how resources are allocated within the platform, empowering the community from the ground up.
With each presale stage, the token’s price increases, potentially rewarding early adopters and encouraging long-term participation. Given its technical capabilities and real-world utility, NEX is more than just a token—it’s a core component of a scalable, intelligent blockchain network.
As demand for AI-integrated solutions grows, the team behind Nexchain is attempting to position its fundraise as one of the top crypto presale opportunities of 2025.
Nexchain Emerges as a Top Crypto Presale for 2025
With over $2.6 million raised and a rapidly growing user base, Nexchain is making a strong case as one of the more interesting presale tokens of 2025. It combines the speed and scalability of advanced blockchain systems with the intelligence and adaptability of artificial intelligence—something few other platforms can offer.
As the NEX token fuels every layer of the network, from staking and governance to smart contract execution and AI service payments, it offers tangible value to holders from day one. Its low transaction fees, ultra-fast performance, and cross-chain capabilities make it highly relevant in today’s fast-evolving crypto economy.
What sets Nexchain apart is its focus on long-term utility, developer support, and community empowerment. Rather than chasing trends, it is building foundational infrastructure for the AI-powered Web3 era. For investors looking for a future-proof crypto project with real-world potential, Nexchain stands out as one of the more interesting projects of the year.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
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Cryptocurrency
XRP and DOGE ETFs Face SEC Review Extension as Public Comment Sought

The US Securities and Exchange Commission (SEC) has extended its review timeline for proposed spot cryptocurrency exchange-traded funds (ETFs), tied to XRP and DOGE.
After temporarily halting decisions originally slated for May 21 and 22, the Commission is now seeking public comments on them.
Ruling on XRP, DOGE ETFs
The delay affects the 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust. All three aim to offer investors exposure to their respective digital assets via ETF shares backed exclusively by XRP or DOGE, with index tracking and custodial services provided by industry-standard partners such as Coinbase Custody and CoinDesk Indices.
While the SEC has stated that this move does not suggest a leaning toward approval or denial, it is calling for public comments to assess better whether the proposals meet the standards of investor protection and market integrity outlined in the Exchange Act.
In the filings, the agency explained,
“Institution of proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. The institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.”
Besides, the agency also postponed a decision on Bitwise’s proposal to allow staking in its Ethereum ETF, continuing a trend of extended timelines as the SEC sifts through an increasing number of crypto-related filings.
ETF Delays Are Routine, Not Surprising
Industry observers, including Bloomberg ETF analyst James Seyffart, weighed in on the SEC’s latest delay and noted that such extensions are routine. According to Seyffart, while several XRP-related products have upcoming review dates, early approvals are unlikely.
He added that the securities watchdog typically uses the full allotted time to evaluate 19b-4 filings, making October the more realistic window for final decisions. Seyffart also said that any approvals before late June or early July would be considered unusual, regardless of the SEC’s current stance toward crypto. In his view, early action, not delays, would be the real deviation from standard regulatory procedure.
Seyffart even went on to say that Litecoin ETF has a “higher likelihood” of getting approved first before all the other crypto ETFs.
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Cryptocurrency
Ethereum Shows No Spike in Network Engagement Despite Successful Pectra Upgrade

It’s been exactly two weeks since Ethereum successfully completed its Pectra upgrade, but the network has yet to feel the impact of the hard fork on user engagement.
According to an analysis by crypto data and insights platform Glassnode, Ethereum has not registered any new or returning users so far. In fact, user engagement has plunged since developers deployed the upgrade.
What Did the Pectra Upgrade Do?
Pectra introduced 11 Ethereum Improvement Proposals (EIPs) geared towards improving user experience and creating a future-proof network. The upgrade brought the execution and consensus layers together after incorporating a range of technical improvements.
Following the success of Petra, traditional crypto wallets, also known as externally owned accounts, now behave like smart contracts, enabling account abstraction. Validators can stake more than 32 ether (ETH) and up to 2,048 ETH, while there is enhanced compatibility between layer-1 and layer-2 chains.
In addition, there are reduced data verification costs for layer-2 rollups, and nodes can verify large data availability without a full download. Users can also sponsor transaction costs and pay gas fees in crypto assets other than ETH.
It is worth mentioning that Pectra was initially scheduled to go live on April 30. However, several technical and finality issues resulted in developers pushing the date forward to May 7.
Ethereum User Engagement is Down
Since Petra went live, the average number of new and resurrected addresses has fallen compared to their year-to-date (YTD) values. New Ethereum addresses have fallen 1.8%, while the resurrected ones have plummeted 8.4%.
However, churned addresses have also declined by 8.5%. Churned addresses refer to wallets that previously held ETH but have reduced their balance to zero. This often happens when more users embrace private crypto storage options. Although Pectra has not brought in new or returning users so far, the plunge in churned addresses raises the question of whether this is part of a broader cycle trend, which remains to be seen.
Meanwhile, Ethereum’s Realized Cap shows a reversal in a downward trend seen in the last three months. Glassnode noted that the metric, which tells the total capital stored in ETH, has risen from $240.8 billion to $244.6 billion since May 7, reflecting a $3.8 billion or 1.6% rise.
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