According to ChainCatcher, Anthony Scaramucci, founder and managing partner of SkyBridge Capital, said that some US cryptocurrency supporters are currently working with US Vice President Kamala Harris to push the Democratic Party away from Senator Elizabeth Warren and SEC Chairman Gary Gensler.

Scaramucci believes that this may lead to more positive legislation and more clear provisions for stablecoins and the broader cryptocurrency regulatory framework. However, he also warned that the election of former President Donald Trump could trigger an "avalanche" of opponents, which could bring "danger" that hinders the United States from reaching a bipartisan consensus on cryptocurrency policy.

The market is currently keeping a wait-and-see attitude towards these dynamics, and investors need to pay close attention to policy changes.