Anthony Scaramucci on Warren and Gensler’s Crypto Regulation, Praises Trump’s Impact

A man that needs no introduction, yet usually gets greeted with a similar opening phrase – Anthony Scaramucci doesn’t mind being called the “former White House communications director”. In an interview with CoinDesk, the SkyBridge Capital founder says he’s been called worse.

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Scaramucci, who’s been through other tough times – like the FTX fiasco, which saw Sam Bankman-Fried buy 30% of his business at one stage – is advocating for a bipartisan approach to crypto. This is contrary to other industry leaders who have recently thrown their full support behind Donald J. Trump’s campaign to again become US President.

Scaramucci: Gary Gensler Helped the Industry

Interestingly Scaramucci believes that Gary Gensler has actually done good for the crypto sector – shocking, but he has his reasons to say this. He explained that Gary Gensler’s delay in approving the Bitcoin Spot ETF inadvertently helped the crypto industry by exposing underlying issues such as fraud and overleveraging during the downturn.

He lost the lawsuit as a result of that. But that delay, that 12-ish month delay, the bottom fell out on the industry. All the fraud got exposed. All the overleverage in the industry got exposed. And I think it’s a sturdier industry today.

Anthony Scaramucci

Former Trump Staffer Points at Democrats’ Malpractice

Asked whether he believes that Donald Trump really cares about BTC and if his support is authentic, Scaramucci said it doesn’t really matter, as it helped crypto.

I don’t think it matters. I think it’s been incredibly good for crypto. I think this has been political malpractice on the part of the Democrats.

Anthony Scaramucci

He pointed out that the Democrats relinquished their stance on crypto to Senator Elizabeth Warren and SEC Chief Gensler, which he believes was a tragedy. Due to this and the recent events – when Trump was almost killed in an assassination attempt – Scaramucci believes the Presidential election is probably decided.

It’s President Trump’s election to lose now. President Biden has a decent record. […] There’s a lot of different things that he did that were beneficial to the country.  […] But they’ve really lost the plot on a lot of different things.

Anthony Scaramucci

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Trump Good for Crypto

Trump being open to crypto may have caused the other side to perhaps pay more attention to the topic, Scaramucci believes.

As it relates to Mr. Trump, I am happy that he’s pro-crypto. I think if anything, he’s pushed the conversation and forced the Democrats to be more open to [crypto] … and maybe we’ll get rid of the Genslers and the Warrens, who have been a disaster for the industry.

Anthony Scaramucci