Anthony Scaramucci, the CEO of SkyBridge Capital, has given former President Donald Trump credit for pushing the conversation surrounding cryptocurrency forward. During an interview on The Wolf Of All Streets podcast with cryptocurrency influencer Scott Melker, Scaramucci acknowledged Trump’s political acumen and his ability to force Democrats to reconsider their stance on digital assets.
Despite his personal opposition to a Trump presidency, Scaramucci believes Trump’s actions have been beneficial for the crypto industry. “Don’t want [Trump] to be president again but he’s got very good political instincts, and by moving the discourse he’s now forced the Democrats to come back into the middle,” Scaramucci stated. “I think that will bode well for the industry.”
Scaramucci pointed to the Stand With Crypto Alliance’s Purple Bus tour, which aims to garner support for crypto from single-issue voters in swing states. He believes that such a campaign would favor Trump’s political ambitions. “I think it’s a mistake that the Democrats haven’t moved and haven’t outwardly moved but I think they will,” Scaramucci optimistically suggested.
These comments come amidst a growing focus on the political landscape of cryptocurrency, particularly Bitcoin. The current election cycle has seen a significant increase in attention towards cryptocurrencies and blockchain technology, fueled by Trump’s promise to implement pro-crypto policies if re-elected. While initially hesitant, Vice President Kamala Harris has also begun to court the crypto demographic, pledging support for emerging technologies like blockchain. As of this writing, prediction market Polymarket, which utilizes cryptocurrency, places the odds of a Trump victory at 54%.
The upcoming Benzinga’s Future of Digital Assets event on November 19 will feature discussions about the impact of the next administration on digital asset policy. Experts such as Anthony Scaramucci, Caitlin Long, and Jan van Eck will be present to share their insights and analysis.
