Anthony Scaramucci, founder and managing partner of SkyBridge Capital, announced that he is collaborating with U.S. Vice President Kamala Harris and a group of crypto advocates to shape her campaign’s policies on digital assets as the 2024 election approaches. Speaking at the TOKEN2049 event in Singapore, one of the world’s largest crypto conferences, Scaramucci expressed optimism about the progress being made.
“We are working alongside her to distance the Democratic Party from Elizabeth Warren and Gary Gensler,” he noted during a panel discussion. Both Warren, a Democratic senator, and Gensler, chair of the U.S. Securities and Exchange Commission, are perceived as opponents of the crypto industry, having supported strict regulations that some argue stifle innovation.
Scaramucci emphasized that Harris has been receptive to input from crypto proponents and has meetings scheduled to discuss industry-friendly policies. “I believe that we are making progress, and I think it’s going in the right direction,” he said.
While the Harris campaign did not respond to inquiries for comment, Scaramucci’s involvement marks a significant effort to encourage a more favorable stance toward cryptocurrency within the Democratic Party. His endorsement of Harris in the 2024 race comes amid a complicated relationship with former President Donald Trump, for whom he briefly served as Communications Director.
Scaramucci acknowledged Trump’s recent support for the crypto industry, highlighting the former president’s commitment to making the U.S. a global hub for cryptocurrency. He expressed appreciation for Trump’s recognition of the industry’s importance, stating, “He’s pulling the Democrats along into a centrist position on regulation.”
In contrast, BitGo CEO Mike Belshe, a Trump supporter, voiced concerns about Harris’s lack of clear communication on her crypto stance. “We have not heard the same from Harris,” he remarked, indicating that the next U.S. president will have significant influence over the crypto landscape.
Scaramucci and his colleagues are advocating for a bipartisan approach to crypto regulation, aiming to eliminate political divisions that could hinder the industry’s growth. Their goal is to establish a standard for cryptocurrency in the U.S. that transcends partisan conflicts.
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