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Perspective: The attitude of the U.S. political sphere towards cryptocurrency is rapidly changing, with divisions still existing within the Democratic Party.
The attitude of the U.S. political sphere towards cryptocurrency is accelerating its shift. Trump, who once opposed Bitcoin, now calls himself the "crypto candidate" and is promoting a strategic Bitcoin reserve plan, leading to an overall adjustment in the Republican stance.
Surprisingly, some Democrats are also slowing down their hostile attitudes towards the crypto industry. This week, the U.S. Senate passed a bill by a vote of 70 to 28 to block the Biden administration's cryptocurrency tax regulation, with 18 Democratic senators crossing the aisle to support it, exceeding market expectations. As a result, Bitcoin's price briefly rose by 8%.
Although some Democrats still hold a skeptical attitude, industry insiders believe that as voter support for cryptocurrency increases, political positions may continue to adjust. Anthony Scaramucci stated that the Democrats are "seriously lagging" on crypto issues and will face greater challenges in future elections if they do not adjust their stance.