Anthony Scaramucci Calls for Bipartisan Crypto Regulations, Throws Weight Behind Kamala Harris

• Scaramucci believes Democrats have been slow with crypto policy due to SEC Chair Gary Gensler and U.S. Senator Elizabeth Warren.
• Formerly a Trump staffer, Scaramucci has publicly backed Harris for president.
• Neither Trump nor Harris have officially declared any crypto-specific policies.

Anthony Scaramucci has called for bipartisan Bitcoin (BTC) and crypto regulations and is supporting Kamala Harris as the U.S. 2024 election date nears.

Crypto Regulations

Speaking with CNBC’s Squawk Box  on Sept. 18, Scaramucci said it is “incumbent” upon all U.S. politicians to ensure that crypto regulation is positive and bipartisan.

Scaramucci, who was the White House Director of Communications for about two weeks in 2017 under Donald Trump, noted that his former boss was previously very negative about crypto but now applauds him for embracing the industry.

“He’s the first mover on that, and I predict that the Democrats will match him. They’re a little slow to move because of Elizabeth Warren and Gary Gensler. But I believe in the team that surrounds Kamala Harris – and of course I’ve endoresed her – is moving in the right direction.”

Noting that the Harris campaign had yet to detail any crypto-specific policies, the interviewer asked if he had contacted the Harris campaign and if he was optimistic about her approach. Scaramucci replied:

“I am optimistic and I was invited by the Vice President’s campaign to join her team in the spin room after last Tuesday’s debate and I’ve spent a lot of time with the campaign.”

He explains that he and Harris have indeed discussed crypto in several meetings, which included some with the Biden Administration, noting that the Democrats have realized they need to move “closer to the center” on crypto.

However, “in truth,” Harris hasn’t moved yet, which Scaramucci explains is simply due to her late-notice candidacy and the subsequent whirlwind she is caught up in.

Other major

Time Will Tell

Towards the end of the interview, Scaramucci explains that right now, Harris is ahead in the polls, especially in swing states. He states that, in time, people will see her “[…]flesh out her economic policies and where she stands on cryptocurrency regulation, and I’m very optimistic.”

Arguably, if the Harris campaign were to introduce crypto-specific policies to lure the crypto vote, she’d need to match Trump and then some.

So far, Trump hasn’t made any official crypto regulation or policy announcements, but he has repeatedly pledged to make the U.S. the Bitcoin capital of the world.

Most notably, he’s made a point of making the U.S. a leader in Bitcoin mining to maintain said dominance. Some experts, including MARA (formerly Marathon Digital) CEO Fred Thiel, have previously argued that Bitcoin mining dominance is now a national security issue for the U.S.

With Trump’s fresh NFT collection and his foray into crypto deepening with the launch of the decentralized finance/stablecoin project, World Liberty Finance (WLFI), it’s very unlikely Harris will attempt to emulate Trump’s approach in any way.

About the Author

Eddie Mitchell

Eddie has been writing news and content primarily for crypto news and industry players over the past seven years. With an eye for the bigger picture, Eddie prefers to investigate the broader implications of a story, as well as explore the weird and wonderful world of crypto. He believes blockchain has already changed the world, but observes the space overall with a skeptical and adoring eye.

See more

[email protected]