Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, revealed that he and a coalition of cryptocurrency advocates are working closely with US Vice President Kamala Harris to shape her campaign’s stance on digital assets ahead of the November elections.
Speaking at the TOKEN2049 event, one of the largest crypto conferences globally, Scaramucci said he is working to align the Democratic Party’s policies on digital assets with a more industry-friendly approach, CNBC reported.
“There’s a group of cryptocurrency advocates, bitcoin advocates, etc., that are working alongside her to distance the Democratic Party away from Elizabeth Warren and [Gary Gensler],” Scaramucci stated.
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Warren, a Democratic senator, and Gensler, chair of the US Securities and Exchange Commission, have been vocal critics of the crypto industry, supporting stringent regulations and enforcement actions that many in the sector view as stifling innovation.
Scaramucci noted that Harris has been engaging with crypto proponents and that discussions are ongoing, with several meetings scheduled this week.
Anthony Scaramucci on the significance of the coalition Kamala Harris has built and is still building. pic.twitter.com/iSddHsfmA0
— Jennifer Stewart (@JenniferJS_) September 19, 2024
He expressed optimism about the progress being made and believes that Harris is open to considering policies that could foster a more supportive environment for the digital assets sector. “I believe that we are making progress, and I think it’s going in the right direction,” he said.
Harris’ campaign has yet to comment on the collaboration, but Scaramucci’s involvement signals a potential shift in how the Democratic Party might approach cryptocurrency regulation.
Scaramucci, who endorsed Harris in the 2024 presidential race, is known for his brief tenure as former President Donald Trump’s Communications Director, serving only six days in 2017.
Despite his contentious relationship with Trump, Scaramucci acknowledged the former president’s recent pro-crypto stance. Trump, who spoke at the Bitcoin Conference in Nashville in July, has expressed strong support for the industry.
The Trump family recently launched World Liberty Financial, a new crypto initiative that aims to establish a crypto banking platform.
“Whatever my feelings are about President Trump, I applaud him for understanding how important this industry is for the US,” Scaramucci remarked. He suggested that Trump’s position could push Democrats towards a more centrist approach on digital asset regulation.
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Scaramucci Hopes to Avoid Partisan Divide on Crypto
Scaramucci and his fellow crypto advocates hope to avoid a partisan divide over the issue. “We want crypto in the U.S. to have a bipartisan standard unstrained from political and tribal conflicts,” he stated.
Earlier this month, a group of crypto industry leaders is organizing a fundraiser to support Harris, aiming to shape her stance on cryptocurrency should she win the presidential election in November. The fundraiser targeted to raise $100,000.
Led by the Blockchain Foundation, the initiative highlights that some in the crypto community back Harris over her opponent Trump, despite her relatively low-key position on cryptocurrency.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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