Skybridge Capital founder Anthony Scaramucci believes that the upcoming crypto bull market could be sparked by a fresh wave of transparent crypto regulations.
During a recent appearance on CNBC Squawk Box, the former White House communications director revealed that he, along with Mark Cuban and Michael Novogratz, visited Washington, D.C. to discuss the potential risks of Senator Elizabeth Warren and SEC Chair Gary Gensler’s strict stance on crypto regulation.
“We had meetings with White House officials to explain the dangers of the anti-crypto approach taken by Gary Gensler and Elizabeth Warren. Hopefully, our message is being heard… If we can align the regulatory framework for Bitcoin and other crypto assets, we can expect a bull market for these assets next year.”
Scaramucci drew parallels between crypto assets and ride-sharing platform Uber, noting that regulators initially resisted the service but eventually embraced clear guidelines due to public demand.
“Think about Uber – it faced resistance from many regulators initially. However, as public demand grew, regulators eventually came around to the idea of fair regulation. I believe we are at that point now with crypto.”
The executive also highlighted that younger Democratic voters are questioning their leaders’ decisions regarding digital assets.
“President Trump’s openness to Bitcoin and crypto assets has rattled the Democrats, prompting younger, intelligent Democrats to realize that their stance on these issues, including SEC lawsuits and enforcement regulations, is misguided. They need to shift back towards the center.”
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