SkyBridge Capital founder Anthony Scaramucci, a headline speaker at Benzinga’s Future of Digital Assets event, is actively working with a group of cryptocurrency advocates to shape U.S. Vice President Kamala Harris‘s policies on digital assets ahead of the 2024 elections.
What Happened: "There's a group of cryptocurrency advocates, bitcoin advocates etc. that are working alongside her to distance the Democratic Party away from Elizabeth Warren and [Gary Gensler],” he said at TOKEN2049 event on Thursday.
Scaramucci's involvement in Harris's campaign will take center stage during his upcoming appearance at Benzinga's Future of Digital Assets event on Nov. 19, where he will join a panel to discuss the future of crypto regulation in the U.S. and beyond.
The event is expected to highlight key conversations around how digital assets are being positioned by political leaders in the run-up to the elections.
Scaramucci's team aims to sway Harris away from anti-crypto figures like Senator Elizabeth Warren and SEC Chair Gary Gensler, who have been leading voices in favor of strict regulations and crackdowns on the crypto industry.
According to Scaramucci, Harris has been engaging with crypto proponents and has discussions scheduled for the near future.
“I believe that we are making progress, and I think it's going in the right direction,” he said, optimistic about the vice president's willingness to consider industry-friendly policies.
While Harris's campaign team has yet to comment on these developments, Scaramucci's advocacy for her campaign signals an interesting shift in political strategy, especially given his past ties with former President Donald Trump.
Scaramucci, who served as Trump's Communications Director for six days in 2017, has since distanced himself, even calling Trump “a grifter” during a 2022 interview.
Ironically, Trump has become a vocal supporter of the crypto industry in recent months.
During a keynote at the Bitcoin BTC/USD Conference in Nashville this past July, Trump promised to protect federal Bitcoin holdings and hinted at plans to turn the U.S. into the "crypto capital of the planet”.
His family also recently launched World Liberty Financial, a project with ambitions to establish a crypto banking platform.
Despite his strained relationship with Trump, Scaramucci applauded the former president's stance on crypto, noting, “Whatever my feelings are about President Trump, I applaud him for understanding how important this industry is for the United States.” He also pointed out the unintended consequence: “Ironically, he's pulling the Democrats along into a centrist position on regulation.”
Scaramucci emphasized that he and other crypto insiders working with Harris want to ensure that digital asset policies don't become a partisan issue. "We want crypto in the U.S. to have a bipartisan standard unstrained from political and tribal conflicts," he said.
This ongoing political discourse will be a major focus of Scaramucci's panel at Benzinga's Future of Digital Assets event on Nov. 19, where he'll discuss the future of crypto regulation alongside other industry leaders.
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