Anthony Scaramucci Warns Crypto Investors: 'Be Very Worried' About Courts, Fed Under Trump

Anthony Scaramucci, former White House communications director, recently warned cryptocurrency investors about the potential impact of another Donald Trump administration on the Federal Reserve and the courts.

In a post on X.com, Scaramucci emphasized the stark differences between the political environment and the investment world, urging investors to be cautious of how these changes could affect their assets.

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

Implications For Crypto Market

Scaramucci’s warning comes as the intersection of politics and financial markets becomes increasingly prominent. He highlighted the importance of understanding the ramifications of Trump's influence on key financial institutions, stating, “Be very worried about the Courts and the Fed under Trump.” He advised investors to study these potential changes carefully to safeguard their investments.

Reflecting On Past Experience

Scaramucci, a Republican, reflected on his brief tenure in the Trump administration.

“Trust me, my 11-day PhD in how it works ended 7 years ago today,” emphasizing his firsthand experience with the political dynamics at play. He encouraged investors to consider the broader consequences of a Trump presidency, particularly for the cryptocurrency market.

Support For Kamala Harris

While Scaramucci has previously expressed support for Trump's stance on Bitcoin, he clarified that his political stance is not single-issue oriented. Despite past praise for Trump's views on digital currencies, he has shown support for Democratic presidential nominee Kamala Harris and her running mate, Minnesota Gov. Tim Walz.

Scaramucci believes Harris’ policies could provide a fresh perspective for the crypto industry, stating, “We have to give her some time to get her policies. I think it will be a dramatic new generation reset for the Democrats.”

As for his take on the Republican Party’s future under Trump, he’s less optimistic.

When you know the guy at the top of your party is a bad guy and you still support him it doesn't speak well of you or your party's future. Politics is about compromise for sure but it can't be about equivocation at a time like this. The country is starved for goodness and…

— Anthony Scaramucci (@Scaramucci) August 4, 2024

Want To Learn More?

Scaramucci’s insights will be further explored at the upcoming Benzinga Future of Digital Assets event, scheduled for November 19 in New York City. This event will gather over 1,000 capital markets leaders and feature extensive networking opportunities, including one-on-one meetings, executive roundtables, and speaker office hours. Participants will engage with industry leaders, diversify their portfolios, and witness the evolution of alternative asset classes.

Photo by World Economic Forum on Flickr