The likely reason for the “warming” of the attitude of US Democrats and the Biden Administration towards cryptocurrencies is Trump. Namely, that he began to collect donations in cryptocurrency and in general became “crypto-friendly”.

A wide range of assets supported by Coinbase Commerce are available for transfers. Including meme tokens. Donations to Trump are accepted in #BTC, #ETH, #SOL, #USDC, #XRP, #DOGE, #SHIB, #APE, #BCH, #DAI, #LTC.

True, Trump did not take into account that when donating, you essentially need to go through KYC. And not everyone will like this. But the very fact of such a step is important. And the fact that Trump focuses on working with this audience. Just look at his recent meeting with the holders of his NFT collection.

#Galaxy's Mike Novogratz reminds us that in America there are more cryptocurrency owners than dog owners. 85 million people. A huge number of voters. And if Democrats vehemently oppose cryptocurrencies, they "would look like they were the party against dogs."

#TheBlock writes: "The SEC's lack of internal coordination suggests the U-turn on the Ethereum ETF is 'entirely political.' Because the current president and the Democratic Party "desperately need the votes of the younger generation in the upcoming presidential election."

It is because of this that the chances of approval of spot#EthereumETFs have most likely increased.

Could the Biden Administration and its entire team in Congress change their attitude towards cryptocurrencies only to prevent Trump from working with part of the electorate? Put a hypothetical threat to the country's financial system (at least a threat in their understanding)? Endanger the strength of the US dollar?

Yes, they could do it. Those who don’t believe in this should remember how Trump himself destroyed the US dollar with an unprecedented increase in emissions during the “corona” crisis and before the 2020 elections. Everything for victory.

The first signs of a change in approach to crypto assets by Biden and the Democrats came when the US Senate lifted the SEC's ban on holding cryptocurrencies for regulated financial companies last week. At the same time,#Politicowrote in its article “Crypto Clash of Democrats” that the crusade of Senator Elizabeth Warren (an ardent opponent of cryptocurrencies and a fake maker against them) against cryptocurrencies is facing pressure from her own party.

The moment of truth - whether Biden vetoes this document restrictive for the SEC on crypto assets or not. There's not long to wait.

If there is no veto, it means there is bipartisan support for cryptocurrencies in Congress and the American government as a whole. Bullish picture for the market.