In a recent CNBC report, SkyBridge Capital founder Anthony Scaramucci shared his perspective on how former President Donald Trump’s embrace of the cryptocurrency industry is influencing Democrats to shift their stance on crypto regulation. Scaramucci, who previously served as Trump’s communications director for a brief period in 2017, commended the former president for recognizing the importance of the crypto industry for the United States. He noted that Trump’s support for crypto is leading Democrats to adopt a more centrist position on regulation, moving away from their previous anti-crypto stance.
Despite his past support for Trump, Scaramucci is now backing Democratic nominee Vice President Kamala Harris. Speaking at the TOKEN2049 event in Singapore, one of the largest crypto conferences globally, Scaramucci revealed that he and other crypto advocates are collaborating with Harris on shaping future regulations for digital assets in the event of her victory in the upcoming election.
Scaramucci highlighted the efforts to distance the Democratic Party from prominent anti-crypto figures such as Democratic senator Elizabeth Warren and U.S. Securities and Exchange Commission (SEC) chair Gary Gensler. He emphasized the importance of establishing a bipartisan approach to crypto regulation in the United States, free from political biases and conflicts.
“We want crypto in the US to have a bipartisan standard unstrained from political and tribal conflicts,” Scaramucci stated, underscoring the need for a unified approach to foster the growth and development of the crypto industry in the country.
As the landscape of crypto regulation continues to evolve, Scaramucci’s insights shed light on the shifting dynamics within the political sphere and the impact of key figures like Trump on shaping the future of the crypto industry. Stay informed with the latest developments in the crypto world by subscribing to email alerts and following The Daily Hodl on social media platforms like Twitter, Facebook, and Telegram.