Washington
Washington is warming up to crypto faster than even industry insiders expected
- Lawmakers on both sides of the aisle are flirting with crypto after years of skepticism.
- Momentum has picked up even quicker than the industry thought.
- But doubts linger than Democrats will fully embrace crypto.
It’s not just Donald Trump: Politicians in both parties are increasingly coming around on crypto.
After being staunchly anti-bitcoin, Trump rebranded himself as the crypto candidate last year, and plans to launch a strategic reserve for digital assets. Republicans fell in line.
The surprising part is that Trump’s arch-enemies are also reconsidering their anti-crypto positions. While many Democrats are still skeptical about digital assets, crypto lobbyists in Washington say they’re less antagonistic of the industry than they were previously. The anti-crypto arguments, like the one espoused Elizabeth Warren in January, are going out of style.
“Embrace is too strong a word,” Seth Hertlein, the global head of policy at crypto firm Ledger, said of Democrats’ stance on crypto. “I think there has definitely been a thaw, though.”
After one development this week, “thaw” may actually be an understatement.
On Tuesday, the US Senate resoundingly passed a measure blocking a Biden-era regulation that would require tax reporting by certain decentralized finance firms, which crypto advocates argue would be overbearing. A staggering 18 Democratic senators (19, including an Independent who caucuses with Democrats) voted with Republicans, pushing the final tally to 70 to 28. Hertlein had told BI that he thought only two or three Dems would be on board.
Bitcoin surged 8% in the hours after the initial vote, and other tokens also gained ground. The moves reflected a sentiment shift, and a sign that the crypto world is anticipating more positive developments ahead.
Voters gave a clear verdict on crypto, proponents say
Historians will likely debate for decades why Trump won and Democrats lost in 2024, though the crypto community is convinced that the president’s support for their cause made a difference.
“It was a huge issue in the last election,” Hertlein said of crypto at the Bitcoin Investor Week conference in late February. “And I don’t think that’s lost on anyone in Washington.”
Pro-crypto candidates appeared to outperform during last fall’s elections, including an upset win by Republican Bernie Moreno over Democrat Sherrod Brown, who’s a crypto skeptic.
Many associate crypto with the political right, and not just because Trump is infatuated with it. Stand With Crypto, an advocacy group backed by crypto broker Coinbase, has determined that 256 Republicans in office are supportive of crypto, compared to 89 Democrats.
But that doesn’t have to be the case. In fact, some crypto believers say the Democratic platform, known for its skepticism of Wall Street and big business, is a natural fit for decentralized finance.
“This is not a politicized asset class,” Federico Brokate, the head of the US business at crypto investment product issuer 21Shares, told BI.
He added: “There’s different aspects of the crypto value chain that are happening in traditionally red states or traditionally blue states, as well.”
Perhaps the most pro-crypto politician in DC is Cynthia Lummis, a first-term Republican senator from Wyoming. She was reportedly the first Senator to own bitcoin, and was fiercely critical of the Biden administration regulations that she saw as a threat to the industry.
“Everywhere you looked in the regulatory framework, it was hostile,” Lummis said on stage at the Bitcoin Investor Week conference. “And the hostility was pointed at not just bitcoin, but other digital assets: ethereum, cardano, solana — all this stuff. But bitcoin was caught up in it.”
A Democratic Party representative didn’t respond to Business Insider’s request for comment.
Lummis thinks attitudes toward crypto are now shifting, and she’s looking to have conversations with Democrats and Republicans about how the US should approach this growing industry.
Will Dems get their arms around crypto?
While some believe Democrats are warming up to crypto, others aren’t holding their breath.
Anthony Scaramucci, a major crypto investor and an avowed Trump critic, said at the bitcoin conference that he agreed with Lummis’s assessment about Democrats. Under Biden, he said the party was “really out to lunch” last year when it came to crypto and blockchain technology.
“Mark Cuban, Michael Novogratz, and I last summer descended into the White House, descended into meetings in Washington with senators, policymakers, assistant secretaries to the Treasury,” Scaramucci said at the conference. He said the tech leaders told Biden’s team: “‘What are you guys doing? You’ve got to get off the anti-crypto brigade.’”
This outdated stance is “the best thing that Trump has going for him,” Scaramucci remarked.
“The fact that the Democrats didn’t see that and didn’t see the power of this industry is a sign that they are derelict in their duties right now and aren’t really understanding what’s going on in the marketplace,” he said.
The SkyBridge Capital founder is trying to turn the tide, so that he doesn’t have to begrudgingly give Trump props. He told BI last fall that the 45th president’s win greatly helped his portfolio, even if didn’t want it, and joked at the conference that he should buy Trump a Christmas card.
In Scaramucci’s mind, Democrats were wrong about crypto, rudderless, and pulled off a last-second candidate switcheroo — yet still kept the presidential election close. He thinks they’ll perform better in future elections if they follow Republicans on crypto, but he’s not sure they will.
“The Democrats are not ready to do that,” Scaramucci said of embracing crypto. “I think they’re going to have a lot of problems if they don’t do that. But if I were them, I would be at least neutral on bitcoin.”
In democracies, voters speak, and politicians either adapt accordingly or risk losing their seats. Emboldened crypto supporters are confident their agenda will advance — one way or another.
“Crypto is here to stay,” Hertlein said. He added: “There is a recognition that it can’t just be ignored or killed. It is something that leaders of both parties are going to have to deal with.”
Washington
PHOTOS: Long Beach State Dirtbags vs. Washington State, Baseball
The562’s coverage of Dirtbags Baseball for the 2026 season is sponsored by P2S, Inc. Visit p2sinc.com to learn more.
Long Beach State dropped a 9-7 decision against Washington State on Sunday afternoon, closing out a busy weekend on Bohl Diamond at Blair Field.
The visiting Cougars took the lead for good in the eighth inning when Long Beach Poly grad Ryan Skjonsby delivered a game-winning two-run single with two outs and the bases loaded. Skjonsby was 2-for-4 with a walk, a run scored and three RBIs for Washington State in their road victory.
For the Dirtbags, catcher Damon Valdez scored twice and had a key two-run single in the sixth to help lead a Long Beach comeback. Trevor Goldenetz had a pair of hits at the top of the order, including an RBI triple. Camden Gasser walked twice and singled, improving his on-base percentage to .574 on the season.
Long Beach State (4-7) will be back in action at home on Tuesday with an exhibition match against Waseda University from Japan. The Dirtbags will then visit San Diego State on Wednesday and open Big West play at UC Santa Barbara this weekend.
Washington
Week Ahead in Washington: March 1
WASHINGTON (Gray DC) – Operation “Epic Fury” — the weekend military operations carried out by the U.S. and Israel against targets in Iran — tops the agenda for Congress as lawmakers return to Washington.
Sunday, President Donald Trump said the new leadership in Iran wants to talk to the Trump Administration.
Democrats in both chambers called for Congress to return as soon as possible for classified briefings on Iran, followed by a move to vote on the War Powers Act. The Constitution gives Congress the power to declare war on another country.
Congress’ return to Washington was originally delayed due to the start of the 2026 midterm elections cycle.
Tuesday, voters in Arkansas, North Carolina and Texas head to the polls for primary elections.
North Carolina and Texas are drawing significant attention, as both states are facing congressional redistricting and competitive primary races for Senate seats.
In Texas, incumbent Sen. John Cornyn (R) is facing primary challenges from state Attorney General Ken Paxton and Rep. Wesley Hunt. On the Democratic side, Rep. Jasmine Crockett is facing state Rep. James Talarico.
In North Carolina, candidates are vying to replacing retiring Sen. Thom Tillis (R) . They include former Governor Roy Cooper (D) and former Republican National Committee Chair Michael Whatley.
Also this week, the Rev. Jesse Jackson is laid to rest. He will be honored Wednesday in Washington before a final memorial service Saturday. Jackson died Feb. 17.
Copyright 2026 Gray DC. All rights reserved.
Washington
Caps Fall in Montreal, 6-2 | Washington Capitals
Cole Caufield scored in the first minute of the first period and added another goal later in the frame, sparking the Montreal Canadiens to a 6-2 win over the Capitals on Saturday night at Bell Centre.
Washington entered the game with a modest three-game winning streak and six wins in its last seven games. Although they were able to briefly draw even with the Habs after Caufield’s opening salvo, Caufield and the Canadiens responded quickly and the Caps found themselves chasing the game for the remainder of the night.
“I didn’t mind some of the things that we did tonight,” says Caps coach Spencer Carbery. “I thought we created enough offensively, we just made way too many catastrophic mistakes to be able to sustain that.”
In the first minute of the game, Caufield blocked a Jakob Chychrun point shot, tore off on the resulting breakaway and beat Charlie Lindgren for a 1-0 lead for the Canadiens, half a minute into the contest. Lindgren was making his first start since Jan. 29, following a short stint on injured reserve for a lower body injury he sustained in that game.
After the two teams traded unsuccessful power plays, the Caps pulled even in the back half of the first. With traffic in front, Declan Chisholm let a shot fly from the left point. The puck hit Anthony Beauvillier and bounded right to Alex Ovechkin, who had an easy tap-in for career goal No. 920 at 13:16 of the first.
But Montreal came right back to regain the lead 63 seconds later, scoring a goal similar to the one Ovechkin just scored.
From the left point, Canadiens defenseman Jayden Struble put a shot toward the net. It came to Nick Suzuki on the goal line, and the Habs captain pushed it cross crease for Caufield to tap it home from the opposite post at 14:19.
Less than two minutes later, Lindgren made a dazzling glove save to thwart Caufield’s hat trick bid.
Midway through the middle period, Montreal went on the power play again. Although the Caps were able to kill the penalty, the Habs added to their lead seconds after the kill was completed; Mike Matheson skated down a gaping lane in the middle of the ice and beat Lindgren from the slot to make it a 3-1 game at 12:22.
Minutes later, Montreal netminder Jakub Dobes made a big stop on Aliaksei Protas from the right circle, and Suzuki grabbed the puck and took off in the opposite direction. From down low on the right side, he fed Kirby Dach in the slot, and Dach’s one-timer made it 4-1 for the Canadiens at 16:34 of the second.
In the waning seconds of the second, Dobes made one of his best stops of the night on Beauvillier, enabling the Canadiens to carry a three-goal lead into the third.
Those two quick goals in the back half of the second took some wind out of the Caps, who were playing their third game in four nights following the three-week Olympic break.
“We kill off a penalty, and then we end up going down 3-1right after the penalty,” says Caps center Nic Dowd. “Those are challenging to give up, right? You do a good job [on the kill], it’s a 2-1 game, and then all of a sudden, before you blink, it’s 4-1 and then the game gets away from you.
“And they defended well tonight; It’s tough to score goals in this League, and you go into the third period, and you’ve got to score three. You saw that [Friday] night when we played Vegas; they were able to score two, but it’s tough to get that third one. I think we have to manage situations a little bit better. It’s a 2-1 game on a back-to-back, we just kill a penalty off, or maybe we just have a power play – whatever it is – we have to manage that, especially in an arena like this, where the crowd gets into it on nothing plays. They can really sway momentum – and in a good way – for their home team.
“We just have to understand that if we don’t have our legs in certain situations, because of travel, it’s back-to-back or whatever, we really have to key into the details of the game and not let things get away from us quickly.
With 7:28 left in the third, Ovechkin netted his second of the game – and the fifth goal he has scored in this building this season – on a nice feed from Dylan Strome to pull the Caps within two goals of the Habs, who have coughed up some late leads this season.
But Montreal salted the game away with a pair of late empty-net goals from Suzuki and Jake Evans, respectively.
In winning six of their previous seven games, the Caps had been playing with a lead most of the time. But playing from behind virtually all night against a good team in a tough building is a tall task under any circumstances. And it was exactly that for the Caps on this night.
“They score on the first shift,” says Strome. “Obviously, Saturday night in Montreal is as good and as loud as it gets. They just got a fortunate bounce; puck was off Caulfield’s leg, and a perfect bounce for a breakaway. It’s just one of those things where we got down early and now they kind of fed off the momentum of the crowd.
“But I still think our game is in a good spot, and we’ve just got to keep stacking wins. Obviously, we’ve played more games than everyone so we’re going to need some help, but we’ve just got to keep stacking wins. It’s tough on the back-to-back in Montreal, but we’ll find a way to bounce back on Tuesday [vs. Utah at home] and then go from there.”
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