Anthony Scaramucci, a former White House communications director, described the Republican presidential candidate Donald Trump’s Pro-cryptocurrency campaign as “positive, progressive and innovative”.
What happened: During an audio podcast with a former journalist and cryptocurrency analyst Frank ChaparroScaramucci, a vocal Trump critic, acknowledged that the former president was better for the industry overall.
“Trump is a dangerous guy, but he is better for crypto in general because he is focused on crypto,” said the CEO of the investment firm SkyBridge Capital noticed.
Scaramucci reiterated his view that cryptocurrencies should be non-partisan and rise above political developments.
The former Trump adviser also mentioned the senator. Elizabeth Warren (D-Mass.) and Chairman of the SEC Gary Gensler for their hostility towards the cryptocurrency industry.
“I think they are against cryptocurrencies because they have embarrassed themselves and never had to answer for the situation at FTX,” Scaramucci said, referring to the cryptocurrency exchange’s stunning collapse in the fall of 2022. “One way to fend off all of that is to take a massive stand against cryptocurrencies.”
See also: Coinbase leads blockchain industry’s unprecedented fundraising wave in 2024 elections
Why it is important: Scaramucci, who served as White House communications director for 11 days during Trump’s presidency before being fired, supported the Democratic candidate Kamala Harris’ Campaign.
He had previously expressed confidence that the Harris administration would take the right regulatory measures for the cryptocurrency industry, but added that it needed to be given time.
In an earlier interaction, Scaramucci noted Bitcoin BTC/USD healthy progress this year and expressed confidence that the leading cryptocurrency would reach the $100,000 mark.
Price promotion: At the time of writing, Bitcoin was trading for $59,269.71, down 5.75% over the past 24 hours, according to data from Benzinga Pro.
Photo from the World Economic Forum on Flickr
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