Key Points
- Anthony Scaramucci, founder of SkyBridge Capital, stresses the necessity of bipartisan support for Bitcoin and crypto regulation.
- Bipartisan backing can provide the necessary regulatory clarity to support the growth of crypto in the U.S.
Anthony Scaramucci, the founder of SkyBridge Capital, recently emphasized the importance of bipartisan support for Bitcoin and cryptocurrency regulation in a discussion on CNBC’s Squawk Box.
Scaramucci underscored the need for bipartisan cooperation in developing cryptocurrency policies. He advocated for making the regulation around Bitcoin, blockchain, and cryptocurrency a bipartisan issue.
The Importance of Bipartisanship in Crypto Regulation
Scaramucci, along with other notable figures like Mark Cuban and Michael Novogratz, has been in talks with White House officials. They’ve been discussing the risks associated with what Scaramucci describes as the “Gary Gensler, Elizabeth Warren, anti-crypto approach.”
He pointed out that recent market trends were influenced by substantial Bitcoin sales from the German government and distributions of around $9 billion worth of Bitcoin (BTC).
Scaramucci also hinted at the potential political implications for Bitcoin’s future, stating that Vice President Kamala Harris’s stance could be crucial. He suggested that if Harris wins the election, she might move towards the center on Bitcoin regulation.
Bitcoin’s Acceptance as an Asset Class
Scaramucci also highlighted the growing acceptance of Bitcoin as an asset class. He compared Bitcoin’s acceptance to the gradual acceptance of disruptive technologies like Uber.
He noted the increasing interest from institutional investors, with entities like the State of Wisconsin allocating significant funds to Bitcoin.
Scaramucci and former President Donald Trump are scheduled to speak at Bitcoin 2024. There have been rumors that Trump might discuss plans for a Bitcoin strategic reserve at the conference, which would further legitimize Bitcoin as an asset in the eyes of the U.S. government.
Presumptive Democratic candidate Kamala Harris had the opportunity to speak at the conference, but her busy schedule prevented her from doing so. Scaramucci expressed that it was a missed opportunity for her.
