PANews reported on March 7 that according to Business Insider, the attitude of American politicians towards cryptocurrencies is changing rapidly. Trump, who once opposed Bitcoin, now calls himself the "crypto candidate" and promotes the strategic Bitcoin reserve plan, and the overall position of the Republican Party has changed accordingly.

Unexpectedly, some Democrats are also slowing down their hostility towards the crypto industry. This week, the U.S. Senate passed a bill to block the Biden administration's crypto tax regulation by 70 votes to 28, with 18 Democratic senators switching sides to support it, exceeding market expectations. Driven by this, the price of Bitcoin rose by 8% in a short period of time.

Although some Democrats remain skeptical, industry insiders believe that as voters' support for cryptocurrencies grows, political positions may continue to adjust. Anthony Scaramucci said that the Democratic Party is "seriously behind" on the issue of encryption and will face greater challenges in future elections if it does not adjust its position.