Anthony Scaramucci, a former White House Communications Director, has voiced concerns about the Securities and Exchange Commission’s (SEC) increasing scrutiny of cryptocurrency platforms under the leadership of Gary Gensler. He believes this aggressive approach could potentially harm Kamala Harris’ chances in the upcoming elections.
Scaramucci, known for his support of cryptocurrency, expressed his shock on Twitter regarding the SEC issuing a Wells notice to NFT marketplace OpenSea. This notice signifies the SEC’s intent to sue the company, highlighting the agency’s tightening grip on the cryptocurrency and blockchain space.
The SEC has been taking a more assertive stance against leading cryptocurrency companies. Coinbase, Kraken, and Robinhood have all faced enforcement actions. Scaramucci, a Democrat, insinuated that Gensler’s regulatory policies could cost Harris the presidency. He accused Gensler of intentionally working to hinder Harris’ electoral success.
Scaramucci has previously advocated for bipartisan cryptocurrency regulation, expressing optimism that the Democratic administration led by Harris would achieve this by 2025. However, his recent statements suggest a growing concern about the SEC’s actions. He has also refuted claims that Harris would nominate Gensler as Treasury Secretary if she were to win the election.
Despite being a vocal critic of former President Donald Trump, Scaramucci, who served a brief stint in the White House under Trump, acknowledged in a recent podcast that the Republican presidential candidate is potentially more favorable to the cryptocurrency industry in general.
