For many of the smaller players I think there's unfortunately a lot of people who realized there's significant money to be made in grifting. Many of the largest crypto proponents have pivoted into endeavors, whether crypto or otherwise, that profit off of being rewarded for being part of the 'correct' tribe.
The Democrats should play hardball but the geriatrics can barely take a swing.
The tech titans like Thiel see the Trump administration as a "big bet" a startup investment. They can "shoot for the moon" and try to realize the network state. If they fail, they figure they'll just toss the Democrats some campaign contributions and all will be good.
Even the young ones act like this.
Hopefully we get the opportunity to disabuse them of this notion.