Scaramucci sees bright future for crypto but 'very worried' about US politicians
Skybridge Capital founder Anthony Scaramucci believes the blockchain industry has a very bright future, but he is concerned about the “very weak leadership” in American politics.
Scaramucci is a former Director of Communications at the White House and Skybridge Capital manages the $7 billion Skybridge Bitcoin Fund.
He spoke candidly at the Australian Financial Review Crypto Summit held in Australia today about the current and future states of crypto and politics in the U.S. He said that although blockchain tech “seems clunky right now,” he sees a glittering future for the industry.
However, he feels that the biggest hurdle that could stand in the way of the industry’s growth are the “absolutely despicable” politicians among American leadership. Scaramucci succinctly stated that “we should be very worried” if some of the current front-runners become the next President.
He took particular aim at Republican Senator Ted Cruz, whom he referred to as “the apotheosis of hypocrisy” for what Scaramucci feels is his tendency to speak negatively in private about issues or people such as Trump, but then speak positively about them in public. The industry will not doubt hope this trait doesn't apply to Cruz’s views on cryptocurrency.
Senator Cruz is a very public crypto proponent and introduced legislation on Mar. 30 which would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) to individuals.
Despite his concerns about politicians, Scaramucci believes the classification of cryptocurrency as property by the Internal Revenue Service (IRS) “makes it almost impossible to extinguish it in the United States.” Furthermore, he sees President Biden’s latest Executive Order as “fairly optimistic.”
Scaramucci
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