PANews reported on November 7 that Justin Slaughter, director of policy research at Paradigm, quoted a former Biden White House staffer as saying that Democrats will no longer "fight to the end" with cryptocurrencies. The former staffer said that the Democratic Party currently faces many priorities, and cryptocurrencies are more durable than expected, so policy attitudes may be relaxed accordingly.
In addition, Slaughter pointed out that it is uncertain whether career officials in federal agencies who support Senator Warren's position will adjust their attitudes, and it is difficult to judge whether there will be significant changes in the near future. Analysts believe that since the FTX incident, although the US government has cracked down on the crypto industry fiercely, the strong rebound of the market is unexpected.
