Regulation
Anthony Scaramucci Talks Warren and Gensler’s Cryptocurrency Regulation, Hails Trump’s Impact
- Scaramucci believes Gary Gensler’s delayed ETF approval inadvertently strengthens the crypto industry.
- Despite his past affiliations, he promotes a bipartisan approach to crypto, contrasting with other leaders.
- Scaramucci suggests that Trump’s support for crypto has forced Democrats to reconsider their position.
A man who needs no introduction, but is usually greeted with a similar opening line – Anthony Scaramucci has no objection to being called the “former White House communications director.” interview With CoinDesk, the founder of SkyBridge Capital says he’s been called worse.
Related: Worldcoin Price Drops as Dogwifhat and Mantle Rally, Here Are the Coins That Are Moving
Scaramucci, who has been through other tough times — like the FTX fiasco, which saw Sam Bankman-Fried buy 30% of his company at one point — advocates for a bipartisan approach to crypto. unlike other industry leaders who recently gave their full support to Donald J. Trump’s campaign to become President of the United States again.
Scaramucci: Gary Gensler helped the industry
It is interesting to note that Scaramucci believes that Gary Gensler actually did some good for the crypto industry – shockingly, but he has his reasons for saying that. He explained that Gary Gensler’s delay in Bitcoin Spot ETF Approval inadvertently helped the crypto industry by exposing underlying issues like fraud and over-indebtedness during the crisis.
He lost his case because of that. But that delay, that delay of about 12 months, brought the industry down. All the fraud was exposed. All the over-indebtedness in the industry was exposed. And I think the industry is stronger today.
Former Trump Staffer Points Out Democrats’ Mistakes
When asked if he thought Donald Trump really cared about BTC and whether his support was genuine, Scaramucci said it didn’t really matter because it helped crypto.
I don’t think it matters. I think it’s been incredibly beneficial for cryptocurrencies. I think it’s been a political mistake on the part of the Democrats.
He pointed out that Democrats have abandoned their position on cryptocurrency to Senator Elizabeth Warren and SEC Chief Gensler, which he said was a tragedy. Because of that and recent events – When Trump was almost killed in an assassination attempt – Scaramucci believes the presidential election is probably decided.
It is President Trump who is likely to lose the election. President Biden has a pretty decent record. […] He did a lot of different things that were beneficial to the country. […] But they really lost track of a lot of different things.
Related: Retail Bitcoin Demand Hits 3-Year Low as BTC Struggles to Hold Above $64,000
Trump is good for crypto
Trump’s openness to crypto may have prompted the other side to pay more attention to the topic, Scaramucci believes.
As for Mr. Trump, I am glad he is pro-crypto. I think he has rather pushed the debate and forced 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.
Fuente