According to BlockBeats, on July 3, according to Decypt, Matthew Sigel, head of digital asset research at VanEck, believes that if SEC Chairman Gary Gensler is no longer chairman after the 2024 presidential election, the likelihood of approval of the Solana ETF will increase. Sigel pointed out that cryptocurrency voters may play a key role in the election, and the regulatory environment in Washington is moving in a direction that supports cryptocurrencies. He also mentioned that if Ethereum-related products are allowed to trade, it will help establish its commodity status, and Solana may also benefit from similar regulatory changes.