SkyBridge Capital’s Anthony Scaramucci revealed that some crypto advocates are working with the Harris campaign to distance the Democrats from SEC Chair and Sen. Elizabeth Warren.
Scaramucci made these remarks during a Tuesday panel discussion at the Token2049 conference in Singapore. BitGo CEO Mike Belshe, also on the panel, said Harris has been too tight-lipped about crypto.
Moving US Democrats Away from the Anti-Digital Asset Ideology
During a Tuesday panel discussion at Token2049 in Singapore, SkyBridge Capital’s founder, Anthony Scaramucci, made some interesting remarks.
Scaramucci said some crypto advocates are working with Kamala Harris to distance the US Democratic Party from the SEC Chair Gary Gensler and anti-crypto senator Elizabeth Warren.
He believes there’s significant progress in gaining Harris and the Democrats’ favor for digital assets.
“I am here, but there’s a group of cryptocurrency advocates, bitcoin advocates that are working alongside her to distance the Democratic Party, the future of the Democratic Party, away from Elizabeth Warren and Gary Gensler,” Scaramucci said.
Scaramucci, formerly a White House Communications Director, said these efforts will soon yield something positive. He believes we might see more positive legislation and a clearer regulatory framework for stablecoins and the broader digital asset market.
Further, the founder of SkyBridge criticized former US president Donald Trump. He said Trump may instigate a protest among many Democrats, endangering the US bipartisan political stance on crypto policies.
However, Mike Belshe, BitGo CEO, has a contrary opinion. During the panel discussion, Belshe noted that US presidents have historically influenced regulatory agency appointments.
The BitGo CEO also noted that Trump has stated his stance on crypto in his proposals, unlike Harris, who has remained tight-lipped about her crypto stance.
Belshe has been vocal in supporting Donald Trump. In one of his X posts, he said anyone who cares about freedom and crypto should vote for Trump. “If you care about crypto and freedom, you have to vote Trump,” Belshe wrote.
Crypto is Technology, and Technology Doesn’t Care About Politics
Jeremy Allaire, CEO of stablecoin issuer Circle, also participated in the panel discussion. Allaire said, “Circle is purple, and crypto is purple.”
He further mentioned that crypto is an innovative technology that keeps expanding globally. He noted that since technology doesn’t care about politics, who wins the presidential election doesn’t matter.
“This is technology, and it keeps getting built, and innovation around it is global…Technology does not care about politics. It doesn’t matter who wins the presidential election,” Jeremy Allaire said.
The Circle CEO believes policies fundamentally react to societal changes and technology adoption. So, when technology is helpful to society, firms, households, and individuals worldwide, policies will change to accommodate this adoption.
While Belshe agreed with Allaire’s view, he noted that crypto-related political discussions are still necessary. He said that technology will persevere no matter the outcome of the coming election, but that depends on what happens over the next four to eight years.
Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.
Our Editorial Process
The Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.
