Anthony Scaramucci, founder of SkyBridge Capital, announced that Vice President Kamala Harris is working on her campaign’s cryptocurrency policies, with support from crypto advocates.
This collaboration aims to reshape the Democratic Party’s approach to the industry, distancing it from critics like Elizabeth Warren and Gary Gensler, who have been prominent in regulatory efforts against crypto.
Scaramucci stated that discussions are planned for this week, where Harris will engage with crypto supporters. Key figures from the industry, including Ripple’s Chris Larsen, are backing Harris’s initiatives, and Scaramucci believes these efforts are progressing positively.
Meanwhile, Donald Trump has adopted a pro-Bitcoin position, launching a new project called World Liberty Financial.
Despite Harris’s efforts, some in the crypto community express doubts about the sincerity of the Democratic Party’s commitment to supportive legislation, especially after recent partisan hearings on crypto regulations.
Polling data suggests Harris currently has a slight lead over Trump, with a 51% chance of winning. Scaramucci remains bullish on Bitcoin, projecting a potential year-end target of $100,000, driven by recent market changes and the political landscape.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.