Silicon Valley is fertile breeding ground for pro-crypto thinking. They probably already have the most high-powered preppers in the US per capita. They're all buying silos and bunkers while the rest of us hope we can last a few days with some water bottles.

So if fiat collapses completely the Silicon Valley kids want to be on the leading edge of that movement, not trailing behind other countries. The US government recognizes the need to be somewhere that's not totally reactionary along the spectrum of how it can deal with crypto if it doesn't want people to lose confidence in their paper completely. They know that the tech sector can adjust fast enough as it always has and wouldn't care if power shifted from the bankers on the east coast to the techies on the west coast, as long as the US government could retain power over whoever the money-makers of the future end up being.

If anything this chance to completely flip the power dynamic within the US into their own hands is exciting for the new guard and scary for the old, because the finance guys realize that they've only really made money because of their close ties with the Fed and gov on a monetary and legislative/lobbying level, and without their quants and the free Fed bucks their coffers would be filled with cobwebs.

Banks are already replacing their human staff with "the power of the blockchain" on internal networks, they better hope the government plays favorites with them when Silicon Valley comes to eat some of their pie, or better yet decide to make their own, slicker, sleeker currency pie-making factories.