Mick Mulvaney, who served as acting White House chief of staff in Donald Trump's administration, called cryptocurrency an industry that "breaks the mold of American politics" because of its appeal to both Democrats and Republicans. In an interview with News Nation, Mick Mulvaney said that cryptocurrencies "don't fit within the traditional political barriers of Republicans and Democrats" and cross political lines. Mick suggested that this was "part of the process" of lawmakers "realigning" interests to the new industry. Mick Mulvaney said the impact of cryptocurrencies in the 2024 election cycle and "the next few" will be "profound" as interest groups pour money into congressional candidates.