EXCLUSIVE: Scaramucci Predicts Harris Will Adopt A 'More Open-Minded Approach' To Crypto If Elected

As the 2024 U.S. presidential election approaches, digital assets face an uncertain future, with potential shifts in how the next administration may regulate them. Anthony Scaramucci, founder and managing partner of SkyBridge, recently shared his thoughts on how the political environment could shape this space in the years ahead.

His perspective, delivered in anticipation of his participation in the Benzinga Future of Digital Assets event, offers a glimpse into what the industry might expect as the election draws near.

Anticipating Changes After 2024

Scaramucci pointed out the difficulties digital assets have faced under current U.S. policy. He stated that tightening restrictions further would be hard to imagine. "It would be almost impossible for the environment to become more restrictive than it's been under Elizabeth Warren and the Biden administration," Scaramucci said, stressing that things might soon change.

With the Harris campaign signaling a different stance, Scaramucci believes a shift could occur. "The Harris campaign has signaled publicly and privately it will take a more open-minded approach," he said, adding that he expects a more “balanced, common sense zone” on digital assets if she were to assume office.

Trump's Return: Good for Crypto, Bad for Other Risks?

While Scaramucci acknowledged Trump's past support for cryptocurrency, he offered a measured outlook. "President Trump is a transactional person who has talked up crypto for transactional reasons," Scaramucci said, while noting that the risks of his return to power may outweigh the potential benefits.

"He may be incrementally better for the industry in the short-term, but his return to power would bring too many other exogenous risks that are impossible to overlook."

Industry Challenges and Future Discussions

As Scaramucci prepares for the Benzinga Future of Digital Assets event, his take on how politics could influence the industry will likely resonate with the audience. This event will feature experts and leaders discussing where digital assets may head. Scaramucci's insights on how government actions could impact the industry add depth to the conversation.

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Photo by World Economic Forum on Flickr