Anthony Scaramucci, a prominent figure in both politics and finance, has thrown his weight behind bipartisan regulation of cryptocurrency in the US. The former White House Communications Director and founder of SkyBridge Capital believes that the time is ripe for a cooperative approach to governing the burgeoning digital asset industry.
Scaramucci’s optimism stems from a recent shift in former President Donald Trump’s stance on Bitcoin. While previously skeptical, Trump has recently expressed a more positive view of the digital asset industry. “I will applaud him for coming towards the industry,” Scaramucci told CNBC, adding that this could encourage Democrats to follow suit. This newfound support from Trump could create a more conducive environment for bipartisan regulation.
Adding to Scaramucci’s hope is the potential for a pro-crypto approach from Vice President Kamala Harris’s team. He has observed that Harris’s campaign has been carefully considering its stance on cryptocurrency. Scaramucci, who engaged with the campaign during its formation, noted that “I think it’s incumbent upon all of us to make sure that cryptocurrency regulation in the U.S. is bipartisan.” This suggests that there’s a growing recognition within the Democratic party of the importance and potential of cryptocurrency.
While Harris hasn’t yet publicly declared her position on crypto regulation, Scaramucci remains optimistic. He believes that the campaign’s direction, coupled with Trump’s shift, could lead to pro-crypto policies in the near future. This would be a welcome development for the crypto industry, which has faced uncertainty and skepticism from some key figures like Senator Elizabeth Warren and SEC Chair Gary Gensler.
Scaramucci’s call for bipartisan regulation reflects a growing consensus within the industry. Clear and collaborative rules are seen as essential for the sustainable growth of cryptocurrency in the US. With influential players like Scaramucci championing this approach, the future of cryptocurrency regulation in the US could be poised for a more harmonious and constructive chapter.
