Regulatory Clarity Could Spark Crypto Surge, Says Anthony Scaramucci

Anthony Scaramucci, founder of Skybridge Capital, believes that the next crypto bull market could be sparked by clear regulatory guidelines.

In a CNBC Squawk Box interview, Scaramucci shared that he, along with Mark Cuban and Michael Novogratz, recently visited Washington, D.C., to discuss the negative impacts of Senator Elizabeth Warren and SEC Chair Gary Gensler’s strict crypto regulatory stance.

They emphasized to White House officials the potential dangers of the current regulatory approach.

Scaramucci expressed hope that if regulatory policies for Bitcoin and other crypto assets are aligned properly, a bull market could emerge next year.

READ MORE:

Bitcoin Set to Surpass Gold in Market Value, According to SkyBridge Captal Founder

He likened the current situation with cryptocurrencies to the early days of ride-sharing company Uber, which faced initial regulatory resistance but eventually gained acceptance due to public demand. Scaramucci believes that the crypto industry is now at a similar point, where fair regulation is needed and likely inevitable.

Additionally, Scaramucci noted that younger Democratic voters are starting to see their party’s stance on digital assets as misguided. He mentioned that President Trump’s support for Bitcoin and cryptocurrencies has caused some Democrats to reconsider their positions, suggesting a need for the party to adopt a more balanced approach.

Alexander Stefanov