The US crypto industry is seeing a shift in political attitudes, with the swift approval of Ethereum ETFs in May and the passing of the FIT21 bill by the House of Representatives. However, the industry still anticipates that the November election results could have significant implications. Despite the improved atmosphere, many blockchain businesses have moved overseas due to the unclear regulatory landscape. The FIT21 bill, which seeks to clarify the role of government agencies in regulating digital assets, could potentially change the regulatory environment for tokens. However, the bill has been criticized by SEC Chair Gary Gensler for introducing "new regulatory gaps".