Scaramucci noted that this collaboration aims to shift the Democratic Party’s stance on crypto, distancing it from Elizabeth Warren.
On Friday, Anthony Scaramucci, the founder of SkyBridge Capital, revealed that Kamala Harris, a Democrat running for president, is currently developing the crypto policies for her campaign.
Scaramucci and a group of crypto advocates working with Harris are providing assistance with the release in preparation for the November elections.
Kamala Harris to Distance From Warren and Gensler: Anthony Scaramucci
Anthony Scaramucci, the founder of SkyBridge Capital, stated in a CNBC story on September 20 that he is working with Vice President Kamala Harris to create regulations that will benefit the cryptocurrency industry.
Scaramucci disclosed that crypto proponents are even undertaking efforts to disassociate the Democratic Party from Elizabeth Warren and Gary Gensler, thereby putting an end to their anti-crypto crusade.
Warren and Gensler implemented crackdowns and regulations on the cryptocurrency business during Operation Choke Point 2.0. He went on to say that Harris plans to attend crypto-related conferences this week to listen to cryptocurrency proponents.
“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.”
Among the prominent American businesspeople who support Harris is Chris Larsen, who serves as the Executive Chairman of Ripple. As far as Scaramucci is concerned, the efforts have been successful in moving on the correct path.
Donald Trump has become a supporter of Bitcoin during this cryptocurrency-focused election season. This week, the Trump family launched a new cryptocurrency initiative called World Liberty Financial.
Crypto Community Doubts Crypto-Friendly Policies
According to data provided by Polymarket, Harris is now in the lead over Trump in the midst of fierce competition between the two contenders. Following the recent campaign in swing states and polls, Harris has 51% odds of winning the election, while Trump has 48% odds of going to victory.
The cryptocurrency community believes that Democratic leaders’ political bias against cryptocurrency was evident during the recent hearing on cryptocurrency legislation.
Distributed throughout Congress, a letter reveals that the majority of Democrats perceive cryptocurrency as a partisan innovation. The leaders of the Democratic Party are of the opinion that the provisions of FIT 21 and SAB 121 repeal are “particularly harmful pieces of legislation” and are the product of “extreme MAGA Republicans.”
In a conversation with the cryptocurrency community, Anthony Scaramucci expressed his optimistic outlook on Bitcoin. The hedge fund manager projected that Bitcoin would reach a record-high objective of $100,000 by the end of the year.
This bullish prognosis came after the Federal Reserve’s fifty basis point rate decrease and the ongoing presidential elections.
