Key Insights:
- Scaramucci said Trump Crypto had good steps but also harmful actions.
- Key appointments and orders made rules more friendly to crypto firms.
- Tariffs and token launches caused big drops and heavy liquidations.
Anthony Scaramucci, founder of SkyBridge Capital, outlined contrasting impacts of Trump Crypto actions on the digital asset sector, describing a mix of supportive initiatives and disruptive developments.
His remarks, shared in an interview and on social media, focused on policy decisions, appointments, market reactions, and the political implications of the administration’s approach to cryptocurrency.
Scaramucci stated that the Trump administration delivered a more favorable regulatory environment for the crypto industry compared with potential alternatives under Joe Biden or Kamala Harris.
He cited specific personnel appointments and early policy moves as factors that shaped the administration’s stance on digital assets. At the same time, he highlighted actions that he said complicated regulatory progress and affected market stability.
Supportive Trump Crypto Moves and Policy Signals
Scaramucci credited Donald Trump with recognizing the political and economic potential of cryptocurrencies early in his campaign. He stated that Trump crypto support helped attract capital and strengthen political engagement within Republican networks.
He also cited positions in the administration that affected Trump crypto policy direction. Scaramucci cited White House Crypto Czar David Sacks, Treasury Secretary Scott Bessent, and SEC Chair Paul Atkins as major figures in the regulatory environment.
He claimed that these appointments enhanced a system that the crypto industry considered more accommodating than past regulatory strategies.
Shortly after Trump started his second term, he issued an executive order repealing the current restrictions on crypto and presented new regulations. The order also established a presidential working group on digital assets.
It claimed that the digital asset sector contributes to innovation, economic growth, and U.S. dominance in the international markets.
Scaramucci admitted that Trump’s crypto policy created hope in digital asset markets both during the campaign and early in the administration. These measures were expected to lead to regulatory clarity and an open policy environment in the industry.
Risks and Disruptions Linked to Trump Crypto Policies
Scaramucci also described actions that he said created challenges for the sector. He criticized the rollout of meme coins shortly before the inauguration, stating that the move slowed regulatory efforts and complicated bipartisan support for crypto legislation.
He described this dynamic as a contrast between what he termed “good” and “bad” Trump Crypto actions.
In addition, analysts at TD Cowen warned that Trump family ventures, including the Official Trump token and the USD1 stablecoin, could affect the passage of a key bill on cryptocurrency market structure.
These developments introduced political and regulatory concerns that lawmakers and market participants continued to monitor.
Market volatility followed broader policy announcements during 2025. As the year closed, the digital asset market experienced a major drawdown, with approximately $1 trillion in value erased over several months.
Bitcoin reached an all-time high of $126,000 on October 6, but the rally proved short-lived.
On 12 October, Trump announced 100% tariffs on Chinese goods, prompting market reactions across asset classes. The crypto market registered its highest-ever liquidations in less than 24 hours, totaling $19 billion.
Bitcoin and Ethereum fell within the following days and weeks, respectively, and fell by 40% in the following month. The valuation of the crypto company founded by Eric Trump was also reduced in December.
Scaramucci once likened the Trump Crypto policy mix to a buffet, noting that stakeholders would not be able to cherry-pick helpful measures while overlooking the wider policy implications.
He also added that he disagreed with some of the Biden administration’s regulatory initiatives under SEC Chair Gary Gensler, but agreed with Kamala Harris’s crypto policy and even joined the crypto-centric campaign Crypto For Harris.