financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Scaramucci Slams Claims of Harris’s Anti
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Scaramucci Slams Claims of Harris’s Anti
Jul 25, 2024 1:44 PM

Amidst significant backlash for opting not to speak at the Bitcoin Conference, Vice President Kamala Harris has found an ally in SkyBridge founder Anthony Scaramucci.

Voicing his support for the presumptive Democratic presidential nominee, Scaramucci criticized the ongoing narrative suggesting Harriss administrations hostility towards crypto. He contrasted this with former President and Republican nominee Donald Trumps history of calling Bitcoin a scam as recently as 2022.

Scaramucci Urges Patience with Harriss Crypto Strategy

Crypto advocates have long criticized the Biden-Harris administrations approach to the industry. Although Vice President Harris recently gained the majority of Democratic delegates support to become the partys presidential nominee, her crypto policies remain unclear.

Her team had reportedly reached out to experts with questions about crypto a move seen as a positive shift but Bitcoin Magazines CEO David Baileys tweet suggesting Harriss decision not to speak at the upcoming Bitcoin Conference from July 25 to 27 has stirred controversy.

At the same time, Trumps aggressive courting of the crypto asset class is threatening Harriss presidential campaign.

Addressing this issue, Scaramucci criticized Trump by calling him a transactional person in his latest tweet, while adding that his current pro-crypto stance is likely a strategic move for fundraising and support. He noted that Harris has shown openness to the industry, and emphasized that she did not drive crypto policy in the Biden administration.

Gensler to Be Fired, Warren Sidelined Under Harris?

The Wall Street financier also urged Harriss critics to give her the opportunity to develop her own strategy for the industry. He argued that Harriss potential presidency should not be viewed as an extension of Warrens unfriendly stance towards crypto.

In fact, he believes that Harriss approach to crypto policy might differ significantly from Warrens, stressing the need to keep an open mind and avoid premature judgments. By advocating for a bipartisan approach, he believes the crypto ecosystem will benefit more in the long run.

Scaramucci pointed out the lack of camaraderie between Harris and Senator Elizabeth Warren and predicted that if the former becomes president, SEC Chair Gary Gensler could potentially be fired and Warren sidelined.

Lets keep crypto bipartisan, it will be healthier for the ecosystem in the long run.

Interestingly, Scaramucci had previously served as White House communications chief during Trumps presidency. His stint, however, was brief, as he was ousted ten days later.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bitcoin Sees Increasing Correlation With Equities But Remains Relatively Weaker: Bitfinex
Bitcoin Sees Increasing Correlation With Equities But Remains Relatively Weaker: Bitfinex
Aug 29, 2024
Bitcoin’s correlation with the U.S. equities market has been rising for more than a month, as seen in the collective plunge and rally across different asset classes during the Japanese yen crisis earlier this month and the Federal Reserve’s statements at the Jackson Hole symposium last week. According to the recent edition of the Bitfinex Alpha report, the Pearson Correlation...
Bitcoin’s Massive Price Plunge to $58K Triggered Over $320 Million in Liquidations
Bitcoin’s Massive Price Plunge to $58K Triggered Over $320 Million in Liquidations
Aug 29, 2024
Bitcoins price movements took a massive turn for the worse in the past 24 hours as the asset plummeted to a 9-day low of just over $58,000. The altcoins have bled out heavily as well, with notable declines from the likes of ETH, SOL, DOGE, LINK, AVAX, SHIB, and others. The total value of liquidations is well above $300 million....
Cardano’s Chang Hard Fork Set to Deploy on September 1: Here’s What You Need to Know
Cardano’s Chang Hard Fork Set to Deploy on September 1: Here’s What You Need to Know
Aug 29, 2024
One of the biggest upgrades on the Cardano network is set to be deployed in the next three days. It will introduce new features and finalize the blockchains transition into a community-run network. The Chang hard fork was initially scheduled to go live on Tuesday, August 27, per an announcement on August 20; however, Cardano founder Charles Hoskinson revealed on...
Bitcoin Long
Bitcoin Long
Aug 29, 2024
The realized capitalization of Bitcoin long-term holders (LTH) surpassed $10 billion this week for the first time ever. This highlighted the growing confidence among investors who hold the asset for extended periods, typically more than 155 days. The LTH metric is particularly crucial because it reflects the conviction of these holders in Bitcoins long-term potential, as they are less likely...
Copyright 2023-2025 - www.financetom.com All Rights Reserved