Anthony Scaramucci revealed that Bitcoin advocates working with Kamala Harris to develop crypto policies ahead of elections. By Varinder Singh 3 hours ago Updated 2 hours ago
Highlights
- Anthony Scaramucci said Kamala Harris is developing her campaign’s crypto policies.
- Democratic Party may distance away from Elizabeth Warren and Gary Gensler.
- Crypto community remains skeptic on crypto-friendly policies from Harris.
SkyBridge Capital founder Anthony Scaramucci on Friday revealed that Democrat presidential candidate Kamala Harris is developing her campaign’s crypto policies. Scaramucci and a group of crypto advocates working with Harris assisting with the release ahead of the elections in November.
Kamala Harris to Distance From Warren and Gensler: Anthony Scaramucci
SkyBridge Capital founder Anthony Scaramucci, said crypto advocates are working with Vice President Kamala Harris to develop her crypto industry-friendly policies, CNBC reported on September 20.
Scaramucci revealed that crypto advocates are even working to distance the Democratic Party away from Elizabeth Warren and Gary Gensler, ending their anti-crypto crusade. Warren and Gensler led crackdowns and regulation by enforcement against the crypto industry during Operation Choke Point 2.0.
“There’s 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.”
He added that Harris has crypto-related talks lined up for this week to hear from crypto advocates. Top American businesspeople are endorsing Harris including Ripple Executive Chairman Chris Larsen. Anthony Scaramucci asserts the efforts have made progress in the right direction.
Trump has turned pro-Bitcoin in this crypto-focused elections, with the Trump family launching a new crypto project World Liberty Financial this week.
Crypto Community Doubts Crypto-Friendly Policies
Polymarket data indicates Harris is currently leading Trump amid a tough fight between both candidates. Harris has 51% odds of win against 48% odds for Trump after the recent campaign in swing states and polls.
Crypto community believes Democratic leaders’ political bias toward crypto was visible during the crypto legislation hearing recently. A memo circulated in Congress shows how Democrats largely consider crypto a partisan innovation. Democrat leaders believe FIT 21 and SAB 121 repeal are moves are “particularly harmful pieces of legislation” and the work of “extreme MAGA Republicans.”
Anthony Scaramucci shared his bullish remarks on Bitcoin with the crypto community. The hedge fund manager anticipated a record-high $100K year-end target for Bitcoin. This bullish projection came after the 50 bps Fed rate cut and ongoing presidential elections.
