Advertisement
Anthony Scaramucci on Warren and Gensler’s Crypto Regulation, Praises Trump’s Impact
- Scaramucci views Gary Gensler’s delayed ETF approval as inadvertently strengthening the crypto industry.
- Despite past affiliations, he promotes a bipartisan approach to crypto, contrasting with other leaders.
- Scaramucci suggests Trump’s crypto support has forced Democrats to reconsider their position.
A man that needs no introduction, yet usually gets greeted with a similar opening phrase – Anthony Scaramucci doesn’t mind being called the “former White House communications director”. In an interview with CoinDesk, the SkyBridge Capital founder says he’s been called worse.
Related: Worldcoin Plummets as Dogwifhat, Mantle Rally, Here’s Which Coins Are on The Move
Scaramucci, who’s been through other tough times – like the FTX fiasco, which saw Sam Bankman-Fried buy 30% of his business at one stage – is advocating for a bipartisan approach to crypto. This is contrary to other industry leaders who have recently thrown their full support behind Donald J. Trump’s campaign to again become US President.
Scaramucci: Gary Gensler Helped the Industry
Interestingly Scaramucci believes that Gary Gensler has actually done good for the crypto sector – shocking, but he has his reasons to say this. He explained that Gary Gensler’s delay in approving the Bitcoin Spot ETF inadvertently helped the crypto industry by exposing underlying issues such as fraud and overleveraging during the downturn.
He lost the lawsuit as a result of that. But that delay, that 12-ish month delay, the bottom fell out on the industry. All the fraud got exposed. All the overleverage in the industry got exposed. And I think it’s a sturdier industry today.
Anthony Scaramucci Former Trump Staffer Points at Democrats’ Malpractice
Asked whether he believes that Donald Trump really cares about BTC and if his support is authentic, Scaramucci said it doesn’t really matter, as it helped crypto.
I don’t think it matters. I think it’s been incredibly good for crypto. I think this has been political malpractice on the part of the Democrats.
Anthony Scaramucci He pointed out that the Democrats relinquished their stance on crypto to Senator Elizabeth Warren and SEC Chief Gensler, which he believes was a tragedy. Due to this and the recent events – when Trump was almost killed in an assassination attempt – Scaramucci believes the Presidential election is probably decided.
It’s President Trump’s election to lose now. President Biden has a decent record. […] There’s a lot of different things that he did that were beneficial to the country. […] But they’ve really lost the plot on a lot of different things.
Anthony Scaramucci Related: Bitcoin Retail Demand Hits 3-Year Low as BTC Struggles to Hold Over $64K
Trump Good for Crypto
Trump being open to crypto may have caused the other side to perhaps pay more attention to the topic, Scaramucci believes.
As it relates to Mr. Trump, I am happy that he’s pro-crypto. I think if anything, he’s pushed the conversation and forced the Democrats to be more open to [crypto] … and maybe we’ll get rid of the Genslers and the Warrens, who have been a disaster for the industry.
Anthony Scaramucci 
Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
