Crypto's influence on US politics is growing, with the 2024 presidential election potentially seeing alliances shift. President Biden's administration has been openly critical of crypto, leading some in the industry to consider supporting former President Trump, despite skepticism about his recent pro-crypto stance. Biden's administration has taken several steps seen as hostile to crypto, including encouraging banks to cut off crypto businesses and treating crypto wallet developers as brokers. Despite this, Biden's campaign is now accepting crypto donations. Trump's administration, on the other hand, has a more positive history with crypto, with several nominees known for their pro-crypto stances.