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Skybridge Capital’s Anthony Scaramucci States Biden’s Anti Crypto Policies Will Cost Him the Election


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Skybridge Capital's Anthony Scaramucci States Biden's Anti Crypto Policies Will Cost Him the Election

Anthony Scaramucci, founder of Skybridge Capital, a private global investment firm, believes that the anti-crypto policies brought by the Biden administration might affect the outcome of the upcoming elections. He states that 52 million Americans, representing 20% of the voting population, currently own crypto and that most voted for Biden in the previous election.

Anthony Scaramucci: ‘Elizabeth Warren Is Going to Cost Them the Election’

The cryptocurrency issue is slowly becoming part of the U.S. policy agenda. Anthony Scaramucci, former White House communications director and founder of Skybridge Capital, has commented on the possibility that the anti-crypto policies of the Biden Administration might affect the outcome of the upcoming elections.

Scaramucci, a bitcoin believer, stated that more than 52 million Americans are now crypto owners. This constitutes 20% of the voting population in the country, stressing this number is higher than the number of Americans who own an electric vehicle, hold a union card, or go to an NFL game.

According to Scaramucci, 61% of this group voted for Biden and the democratic party in the previous election, but that can change given the current administration’s position on crypto regulation. Scaramucci states that cryptocurrency owners are also overrepresented in states like Pennsylvania, Nevada, Georgia, and Arizona, which hold 52 of the 270 electoral votes needed to win the election.

All of these states are considered swing states for the 2024 election, meaning that these will likely be decided by narrow margins, giving a higher significance to these issues.

Finally, he stated:

Elizabeth Warren is going to cost them the election.

Scaramucci refers to the anti-crypto stance of Senator Warren, who has introduced the Digital Asset Anti-Money Laundering Act, which aims to “close loopholes in current law and bring cryptocurrency companies into greater compliance with the anti-money laundering and countering the financing of terrorism (AMF/CFT) frameworks that govern much of the financial system.”

This bill has been criticized by other lawmakers and industry actors because, if applied, it would force unhosted wallet providers, node operators, and other cryptocurrency entities to face the same level of oversight that traditional financial institutions face.

What do you think about Anthony Scaramucci’s thoughts on the influence of crypto policies over the outcome of the next presidential election? Tell us in the comments section below.

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