Anthony Scaramucci on Why He Supports Biden and Thinks He, Not Trump, Is Best for Crypto - Ep. 661

Jun 18, 2024

In this engaging discussion, Anthony Scaramucci, founder of SkyBridge, makes a bold case for Joe Biden as the ideal choice for crypto voters this election season. He reveals his belief that the crypto industry has triumphed over regulatory hurdles and emphasizes the significance of Ethereum ETF approvals. Scaramucci weighs in on the trustworthiness of Trump's crypto comments and points out how younger generations are reshaping crypto policy. He also shares insights into SkyBridge's journey amidst the market's ups and downs and speculates on Solana's promising future.

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ADVICE

Vote Biden

Vote for Joe Biden in the upcoming election.
He is the best choice for America and the crypto industry.

INSIGHT

Biden's Predictability

The Biden administration respects democratic rules and court decisions, unlike Trump.
This predictability is crucial for the crypto industry.

INSIGHT

Crypto's Victory

The crypto industry has already won against anti-crypto politicians like Elizabeth Warren and Gary Gensler.
Court decisions and industry efforts have blunted their influence.

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The political landscape in the US is heating up with the November elections, and the crypto industry is watching closely.

In this episode, Anthony Scaramucci, founder of SkyBridge, doesn’t mince words and explains why he believes Joe Biden is the best choice—even for the crypto voter—in the upcoming election, the significance of the Ethereum ETF approval, and how the industry has overcome significant regulatory hurdles.

Scaramucci also shares his insights on the future of Bitcoin ETFs, the role of younger generations in driving crypto policy, and why Solana might be the next big thing.

Show highlights:

02:05 Why Anthony believes there’s only one choice in this election: Joe Biden
07:03 Why he thinks the crypto industry “has already won”
16:27 Whether the crypto industry should trust Trump with his pro-crypto comments
17:20 Why Anthony is convinced that the Biden administration has stopped its anti-crypto stance, even with the veto of the SAB 121 repeal
21:26 Why Anthony believes crypto is becoming a bipartisan issue, and how younger generations are driving this change in Washington
28:05 What three key elements would ideally be included in crypto legislation to ensure clarity and industry involvement in regulation
30:49 What happened to SkyBridge after selling a stake to FTX, and how they are riding the industry's “upswing”
38:00 What developments in Bitcoin ETFs could signal its recognition as an asset class and drive institutional adoption
40:00 What led SkyBridge to abandon its Bitcoin ETF application
43:23 What Anthony thinks is the best pitch for a spot Ether ETF to TradFi, and how expected inflows compare to Bitcoin ETFs
49:11 Anthony’s praise of Laura’s book
51:55 Why Anthony believes a Solana ETF might be the next big thing in crypto, despite SEC scrutiny and the need for a futures market first
55:20 Why SkyBridge is actively seeking new acquisitions and partnering with Parcl, a Solana-based decentralized real estate trading app
59:44 What Anthony's bullish predictions for Bitcoin and Ethereum are in the current cycle

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

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Guest:

Anthony Scaramucci, Founder and Managing Partner at SkyBridge