TechFlow News, March 7 — According to Business Insider, political attitudes toward cryptocurrency in the United States are warming at a pace beyond industry expectations, with lawmakers from both parties beginning to actively engage the crypto sector after years of skepticism. Seth Hertlein, Ledger's global policy head, said, “The word 'embrace' is too strong, but I do think there’s clearly a thawing.” He emphasized: “Cryptocurrency was a huge issue in the last election, and nobody in Washington can afford to ignore that. Cryptocurrency is here to stay—it cannot be ignored or suppressed—and that’s something leaders from both parties must confront.”
The report notes that Trump has shifted from being a staunch Bitcoin critic to becoming a pro-cryptocurrency candidate, even planning to launch a digital asset strategic reserve. Surprisingly, Democrats are also reconsidering their previously anti-crypto stance. Crypto lobbying groups say hostility from Democrats toward the industry has visibly softened; for instance, the anti-crypto views expressed by Elizabeth Warren in January are now becoming outdated. On Tuesday, the U.S. Senate passed a resolution overturning Biden-era regulatory actions by an overwhelming majority—70 votes in favor and 28 opposed—far exceeding Hertlein’s expectation of only two or three Democratic supporters.
Federico Brokate, head of U.S. business at 21Shares, stressed that cryptocurrency is not a politicized asset class: “Different parts of the cryptocurrency value chain are emerging in traditional red states and blue states alike.” He believes decentralized finance aligns naturally with Democratic platforms.
Anthony Scaramucci, founder of SkyBridge Capital, criticized Democrats for being “really behind” on cryptocurrency. He said he had joined Mark Cuban and Michael Novogratz in urging the Biden team: “You have to stop the anti-crypto actions.” Scaramucci added: “The fact that Democrats don’t see the strength of this industry shows they’re currently failing in their duty. If they don’t change course on crypto, they’ll face serious consequences. But if I were them, at the very least I’d remain neutral on Bitcoin.”
