Skybridge Capital founder Anthony Scaramucci says the next crypto bull market could be fueled by a new wave of clear crypto regulations.
In a new interview on CNBC Squawk Box, the ex-White House communications director says he and two other prominent industry figures went to Washington DC to speak to officials about the dangers posed by Senator Elizabeth Warren and the U.S. Securities and Exchange Commission. Exchange Commission. SEC) Chairman Gary Gensler’s tough approach to regulating crypto.
“Mark Cuban, myself, Michael Novogratz, we were in Washington a few weeks ago talking to White House officials and explaining the danger of the Gary Gensler-Elizabeth Warren anti-crypto approach. Hopefully that message gets across…
If we can align regulatory policies around Bitcoin and crypto assets, there will be a bull market for these assets next year.”
Scaramucci then compares crypto assets to ride-sharing company Uber, saying regulators were initially wary of the service but eventually moved to adopt clear guidelines due to public demand.
“Think of Uber: no one wanted Uber. Many supervisors did not want this. Mayors and deputy mayors didn’t want it, but people wanted Uber and eventually people came up with the idea of regulating it fairly. I think we’re there now.”
The executive also says younger Democratic voters believe their leaders are making the wrong choices when it comes to digital assets.
“I think President Trump’s move toward Bitcoin and crypto assets has shaken Democrats to their core, and I think very smart, younger Democrats are recognizing that they are way off base with their positions, way off the base with these SEC lawsuits and regulation through enforcement, and they now need to go back to the middle.”
https://www.youtube.com/watch?v=WKMPfZieYGE
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