Former White House Chief of Staff: The crypto industry can break down the barriers between the two parties in the United States and will have a profound impact on future election cycles

Mick Mulvaney, who served as acting chief of staff in the Trump administration, said that cryptocurrency is an industry that "breaks the American political model" because it appeals to both Democrats and Republicans. Mulvaney said in an interview that cryptocurrency "does not fit into the traditional political barriers of the Republican and Democratic parties" and crosses political boundaries. He suggested that this is "part of the process" of lawmakers "realigning" interests to accommodate new industries. With interest groups investing heavily in congressional candidates, cryptocurrency will have a profound impact in the 2024 election cycle and the "next few" election cycles. (Cointelegraph)