Ledger Global Policy Director: The US Democratic Party's attitude towards cryptocurrency has shown a "clear thaw"

ChainCatcher reports that, according to Business Insider, the US political sphere is warming up to cryptocurrencies at a rate faster than industry expectations. After years of skepticism, lawmakers from both parties have begun actively engaging with the crypto sector. Seth Hertlein, Global Policy Director at Ledger, said "The word 'embrace' might be too strong but there's definitely been a noticeable thaw." He emphasized: "Cryptocurrency was a huge issue in the last election and I don't think anyone in Washington can ignore that. Cryptocurrencies are here to stay; they cannot be ignored or suppressed - this is something leaders from both parties must face."

The report points out that Trump has shifted from staunchly opposing Bitcoin to becoming a candidate supporting cryptocurrency and plans to launch digital asset strategic reserves. Surprisingly, Democrats have also started reconsidering their anti-crypto stance. Crypto lobbying groups say Democratic hostility towards the industry has significantly weakened as anti-crypto views expressed by Elizabeth Warren in January are gradually becoming outdated. On Tuesday, the U.S Senate overwhelmingly passed a bill blocking regulatory measures during Biden's era with 70 votes for and 28 against - far more than Hertlein expected would come from Democrat supporters.

Federico Brokate, Head of US Operations at 21Shares emphasizes that cryptocurrency isn't politicized as an asset class: "Different aspects of the cryptocurrency value chain are happening in traditional red or blue states." He believes decentralized finance naturally fits into Democratic platforms.

SkyBridge Capital founder Anthony Scaramucci criticized Democrats for being "really behind" on crypto issues saying he had told Biden's team along with Mark Cuban and Michael Novogratz: "You need to stop your anti-cryptocurrency actions." Scaramucci thinks: “Democrats haven’t seen the power of this industry which shows negligence on their part now. If they don’t change their stance on crypto issues they will face many problems but if I were them, I would at least stay neutral on Bitcoin.”