Mick Mulvaney, who served as the acting director of the Office of Management and Budget under the Donald Trump administration, described cryptocurrency as an industry that "breaks the political mold in the United States" because it appeals to both Democrats and Republicans.

In an interview with News Nation, Mick Mulvaney stated that cryptocurrency "doesn't fit the traditional political barriers of the Republican and Democratic parties," crossing political lines. Mick hinted that this is part of a "process of legislators 'recalibrating' interests to fit the new industry."

Mick Mulvaney noted that as interest groups pour significant funds into congressional candidates, the impact of cryptocurrency in the 2024 election cycle and "the next several" election cycles will be "profound."