SkyBridge Capital founder Anthony Scaramucci believes that former President Donald Trump is causing Democrats to move away from their perceived anti-crypto position.
In a new CNBC report, Scaramucci says that since Trump, the Republican candidate for the US presidency, embraced the crypto industry, Democrats are now starting to distance themselves from Capitol Hill’s fiercest crypto critics.
“Whatever my feelings about President Trump, I applaud him for understanding how important this industry is to the United States, and I think ironically he is pulling Democrats toward a centrist position on regulation.”
Scaramucci once supported Trump and served as his communications director for just 10 days in 2017. He now supports Democratic candidate Vice President Kamala Harris.
Speaking at the annual TOKEN2049 event in Singapore, one of the largest crypto conferences in the world, Scaramucci said he and other crypto advocates are working with Harris on future regulations for digital assets should she defeat Trump in the November election. according to CNBC.
“There is a group of cryptocurrency advocates, Bitcoin advocates, etc., who are working with her to distance the Democratic Party from Elizabeth Warren and [Gary Gensler].”
Warren, a Democratic senator, and Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), are largely seen as anti-crypto.
Says Scaramucci,
“I believe we are making progress, and I think it’s going in the right direction…
We want crypto in the US to have a bipartisan standard, unhindered by political and tribal conflicts.”
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