This strikes me as smart politics by the Dems, as Nickel[^1] notes in the piece, since otherwise they're ceding the issue, and that leads to a self-fulfilling prophecy where "crypto" and Bitcoin become inherently Republican. Warren can't hurt her election chances in MA short of shooting someone on Fifth Avenue (to quote someone else), but the other party members don't want to chase away votes.

But yeah, I don't believe for a second that they care about anything other than making sure the banks can sell their ETFs and funnel their profits into donations.

[^1}:Also, "Wiley Nickel" is a hell of a name.