Ledger Global Policy Director: The Democratic Party in the United States has shown a "clear thaw" in its attitude towards cryptocurrency

ChainCatcher news, according to Business Insider, the attitude of the U.S. political sphere towards cryptocurrency is warming at a pace that exceeds industry expectations, with bipartisan lawmakers beginning to actively engage with the crypto space after years of skepticism. Ledger's Global Policy Director Seth Hertlein stated, "'Embrace' is too strong a word, but I do think there is a clear thaw happening." He emphasized, "Cryptocurrency was a huge topic in the last election, and I don't think anyone in Washington can ignore that. Cryptocurrency is here to stay; it cannot be ignored or stifled, and that is something both party leaders must face."

The report noted that Trump has shifted from being firmly opposed to Bitcoin to supporting candidates for cryptocurrency and plans to launch a digital asset strategic reserve. Surprisingly, Democrats are also beginning to reconsider their anti-crypto stance. Cryptocurrency lobbying groups indicate that Democrats' hostility towards the industry has noticeably diminished, as Elizabeth Warren's anti-crypto views expressed earlier this January are gradually becoming outdated. This Tuesday, the U.S. Senate passed a measure to block Biden-era regulatory actions by an overwhelming majority, with a final tally of 70 votes in favor and 28 against, far exceeding Hertlein's expectation of 2-3 Democratic supporters.

21Shares U.S. Business Director Federico Brokate emphasized that cryptocurrency is not a politicized asset class: "Different aspects of the cryptocurrency value chain are happening in traditional red or blue states." He believes the Democratic platform is naturally suited for decentralized finance.

SkyBridge Capital founder Anthony Scaramucci criticized Democrats for being "really behind" on cryptocurrency issues. He stated that he had told the Biden team alongside Mark Cuban and Michael Novogratz, "You need to stop the anti-crypto actions." Scaramucci believes, "Democrats are not seeing the power of this industry, which indicates they are derelict in their duties now. If they do not change their stance on cryptocurrency, they will face many problems. But if I were them, I would at least remain neutral on Bitcoin."