SkyBridge Capital founder Anthony Scaramucci appeared on CNBC’s Squawk Box to discuss Bitcoin’s latest surge, which he said has reached $111,000.
He attributed the rise to growing investor interest and progress on bipartisan stablecoin regulation in the U.S.
“Stablecoin legislation like the Stable Act and Genius Act will put crypto on stronger legal footing,” Scaramucci said. He believes clear rules will attract institutional investors and stabilize the broader crypto market.
Stablecoins Could Strengthen Dollar’s Global Role
Scaramucci described stablecoins as a “financial bridge” that benefits both crypto adoption and U.S. economic influence.
“These coins cut cross-border transaction costs and help unbanked populations,” he said. “And their reserves—largely U.S. Treasury bonds—help boost the dollar’s status as a global reserve currency.”
He pointed out that Tether, a major stablecoin issuer, holds more U.S. Treasuries than countries like Japan or Germany.
On Trump, Alt Assets, and the Future of Crypto
Scaramucci also weighed in on President Trump’s mixed crypto stance. He praised some of Trump’s deregulation efforts but criticized the memecoin-driven rhetoric and wallet control concerns, which he said damage the sector’s credibility.
As governments increase spending and central banks keep printing money, Scaramucci said investors are fleeing fiat. “People are moving to hard assets. Bitcoin offers limited supply and acts as a hedge,” he added.
Scaramucci Backs Circle in the Stablecoin Space
Among his stablecoin investments, Scaramucci named Circle as a standout. He praised CEO Jeremy Allaire and the team for their strong track record in regulatory compliance.
“Circle has the right leadership and approach,” he said. “They’re well-positioned to lead the future of stable digital currencies.”
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/bitcoin-soars-as-stablecoin-rules-boost-crypto-legitimacy-says-anthony-scaramucci/