Anthony Scaramucci, founder of Skybridge Capital, believes that clear regulations could be the key to unlocking the next crypto bull market.
Washington Lobbying for Crypto
Scaramucci, along with other industry leaders like Mark Cuban and Michael Novogratz, recently met with officials in Washington D.C. to discuss the potential dangers of the current hard-line approach to crypto regulation.
“We’re concerned about the anti-crypto stance of people like Gary Gensler and Elizabeth Warren,” Scaramucci said. “We believe that clear regulations are crucial for the future of crypto.”
Crypto Compared to Uber
Scaramucci drew a parallel between crypto and the ride-sharing service Uber, arguing that regulators initially resisted the platform but eventually embraced it after public demand.
“People wanted Uber, even though many officials didn’t,” he explained. “Eventually, they realized the need for clear regulations. We’re at a similar point with crypto now.”
Democrats Facing Pressure from Younger Voters
Scaramucci also believes that younger Democrats are pushing their leaders to change their stance on crypto.
“President Trump’s support for crypto has really shaken the Democrats,” he said. “Younger voters are realizing that the current approach is misguided, and they’re demanding a change.”
A Bullish Outlook
Scaramucci is optimistic about the future of crypto, believing that clear regulations will lead to a surge in the market.
“If we can get the right regulations in place, we’re looking at a bull market next year,” he concluded.
