SkyBridge Capital founder Anthony Scaramucci believes that former president Donald Trump is causing Democrats to shift away from their perceived anti-crypto position.
In a new CNBC report, Scaramucci says that since Trump, the Republican nominee for US president, is embracing the crypto industry, Democrats are now starting to distance themselves from Capitol Hillâs harshest crypto critics.
âWhatever my feelings are about President Trump, I applaud him for understanding how important this industry is for the United States, and I think ironically, heâs pulling the Democrats along into a centrist position on regulation.â
Scaramucci once supported Trump and served in 2017 as his communications director for just 10 days. He is now supporting the Democratic nominee Vice President Kamala Harris.
In speaking at the annual TOKEN2049 event in Singapore, one of the worldâs largest crypto conferences, Scaramucci says he and other crypto advocates are working with Harris on the future regulations of digital assets should she beat Trump in Novemberâs election, according to CNBC.
âThereâs 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].â
Warren, a Democratic senator, and Gensler, chair of the U.S. Securities and Exchange Commission (SEC), are largely seen as being anti-crypto.
Says Scaramucci,
âI believe that we are making progress, and I think itâs going in the right directionâŠ
We want crypto in the US to have a bipartisan standard unstrained from political and tribal conflicts.â