Is Washington losing its grip on crypto, or is it a calculated pivot to digital dominance?

This report analyzes a shift in U.S. crypto policy: the Treasury lifted sanctions on Tornado Cash following an appeals court ruling while reiterating DPRK-related laundering concerns; the SEC dropped its XRP appeal and clarified that proof-of-work mining is outside securities regulation; and a bipartisan Senate push advanced the GENIUS Act to regulate stablecoins, reflecting diverging political views and potential impacts on digital asset oversight.