Ex-Trump Aide Anthony Scaramucci Strikes Cautionary Note For Crypto Investors: 'Be Very Worried About The Courts And The Fed' Under Former President

Anthony Scaramucci, former White House Communications Director, has issued a warning to cryptocurrency enthusiasts about the potential impact of a Donald Trump administration on the Federal Reserve and courts.

What Happened: In an X post on Wednesday, Scaramucci urged capitalists, including cryptocurrency investors, to be wary of the political landscape under Trump, stating it differs drastically from the world of investment. He encouraged them to study the potential ramifications of Trump’s influence on the courts and the Federal Reserve.

Fellow VCs, Crypto enthusiasts and capitalists at large that love making money:

Be very worried about the Courts and the Fed under Trump.

Politics and Washington is very different than what we are used to in the world of investing. Brutally different.

The good news we are…

— Anthony Scaramucci (@Scaramucci) August 1, 2024

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“Trust me, my 11-day PHD in how it works ended 7 years ago today,” Scaramucci remarked, highlighting his brief 11-day stint in the Trump White House.

He advised his followers to carefully consider the consequences of a Trump presidency and appeared confident that doing so would lead them to vote for Democratic presidential nominee Kamala Harris.

Scaramucci ended his post on a hopeful note, assuring his followers that efforts are being made to ensure Trump’s loss in the upcoming elections.

Why It Matters: Despite his criticism of Trump, Scaramucci has previously expressed support for the former president’s stance on Bitcoin BTC/USD and gave a thumbs-up to Trump’s statements at a recent Bitcoin conference.

However, in the same breath, he declared that he is not a single-issue voter and acknowledged the potential risks associated with Trump's presidency.

Scaramucci has shown support for Harris’ candidature, expressing confidence in her future policies on cryptocurrency. "We have to give her some time to get her policies. I think it will be a dramatic new generation reset for the Democrats," the CEO of SkyBridge Capital said.

Did You Know? 

• Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool

Photo courtesy: Flickr