Anthony Scaramucci Says Kamala Harris Developing Crypto Policies

SkyBridge Capital founder Anthony Scaramucci on Friday revealed that Democrat presidential candidate Kamala Harris is developing her campaign’s crypto policies. Scaramucci and a group of crypto advocates working with Harris assisting with the release ahead of the elections in November.

Kamala Harris to Distance From Warren and Gensler: Anthony Scaramucci

SkyBridge Capital founder Anthony Scaramucci, said crypto advocates are working with Vice President Kamala Harris to develop her crypto industry-friendly policies, CNBC reported on September 20.

Scaramucci revealed that crypto advocates are even working to distance the Democratic Party away from Elizabeth Warren and Gary Gensler, ending their anti-crypto crusade. Warren and Gensler led crackdowns and regulation by enforcement against the crypto industry during Operation Choke Point 2.0.

“There’s a group of cryptocurrency advocates, bitcoin advocates etc. that are working alongside her to distance the Democratic Party away from Elizabeth Warren and Gary Gensler.”

He added that Harris has crypto-related talks lined up for this week to hear from crypto advocates. Top American businesspeople are endorsing Harris including Ripple Executive Chairman Chris Larsen. Scaramucci asserts the efforts have made progress in the right direction.

Trump has turned pro-Bitcoin in this crypto-focused elections, with the Trump family launching a new crypto project World Liberty Financial this week.

Crypto Community Doubts Crypto-Friendly Policies

Polymarket data indicates Harris is currently leading Trump amid a tough fight between both candidates. Harris has 51% odds of win against 48% odds for Trump after the recent campaign in swing states and polls.

Crypto community believes Democratic leaders’ political bias toward crypto was visible during the crypto legislation hearing recently. A memo circulated in Congress shows how Democrats largely consider crypto a partisan innovation. Democrat leaders believe FIT 21 and SAB 121 repeal are moves are “particularly harmful pieces of legislation” and the work of “extreme MAGA Republicans.”

Anthony Scaramucci shared his bullish remarks on Bitcoin with the crypto community. The hedge fund manager anticipated a record-high $100K year-end target for Bitcoin. This bullish projection came after the 50 bps Fed rate cut and ongoing presidential elections.

✓ Share:

Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.