SkyBridge Capital’s founder, Anthony Scaramucci, asserts that former President Donald Trump’s involvement in the cryptocurrency space is prompting Democrats to reevaluate their traditionally anti-crypto stance.
In a recent CNBC article, Scaramucci noted that Trump’s Republican candidacy for the presidency has led to a noticeable shift among Democrats, who are now distancing themselves from the most vocal critics of cryptocurrency on Capitol Hill. “Regardless of my personal feelings towards President Trump, I commend him for recognizing the significance of this industry for the United States. Ironically, he is nudging the Democrats towards a more centrist approach to regulation.”
Having previously backed Trump and briefly serving as his communications director in 2017, Scaramucci is now in support of Vice President Kamala Harris, the Democratic nominee.
While addressing attendees at the TOKEN2049 conference in Singapore, one of the largest cryptocurrency gatherings globally, Scaramucci revealed that he and fellow crypto proponents are collaborating with Harris to shape future regulations for digital assets, assuming she wins against Trump in the upcoming election, as reported by CNBC.
“There exists a coalition of cryptocurrency and Bitcoin advocates who are working with her to steer the Democratic Party away from figures like Elizabeth Warren and Gary Gensler,” he stated. Both Warren, a Democratic senator, and Gensler, who chairs the U.S. Securities and Exchange Commission (SEC), are largely regarded as opponents of the crypto sector.
Scaramucci expressed optimism about the progress being made: “I believe we’re moving forward, and it’s heading in a favorable direction. Our goal is to establish a bipartisan framework for cryptocurrency in the United States, free from political and tribal disputes.”
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