The US President and the first wife both made a significant amount of profit from their memecoin. President Trump has invested in cryptocurrencies and has a diversified portfolio. Whereas in India the politicians only use cryptocurrencies to convert their black fiat to while and for money laundering purposes as it is far easier and less costly than setting up shell accounts. As long as they continue using crypto for illegal activities for themselves they will try to create laws that are not good for the industry and the community so that the focus is not on them because they know the loopholes of those laws.