On September 18, in an interview with CNA’s Asia First, Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, shared his views on the upcoming U.S. election and its potential impact on the cryptocurrency market. Scaramucci expressed concerns over Donald Trump’s latest venture, World Liberty Financial, a cryptocurrency project that he believes could harm the industry and Trump’s political standing. He described the venture as a “breach of norms,” emphasizing that it is the first time a presidential candidate has launched a business of this nature so close to election day. Scaramucci speculated that it might be perceived as a means for Trump to generate profits in a questionable way, potentially damaging his credibility.
Scaramucci acknowledged Trump’s early efforts to promote crypto, noting how the former president’s stance had previously pushed some Democrats toward more crypto-friendly policies. However, the new venture, in Scaramucci’s view, undermines these efforts. He warned that the project might lead to a pump-and-dump situation, hurting individual investors and the industry’s reputation.
Discussing the broader political landscape, Scaramucci suggested that the outcome of the election could influence the future of cryptocurrency regulation. He expressed skepticism toward reports predicting Bitcoin price fluctuations based on who wins the election. While some analysts speculated that a Trump victory could push Bitcoin’s price to $90,000 and a Kamala Harris victory could drop it to $30,000, Scaramucci refuted this narrative. Instead, he predicted that Harris, if elected, would support a more balanced regulatory approach, potentially paving the way for stablecoin legislation that could be favorable to both the U.S. dollar and the crypto industry.
In his endorsement of Harris, Scaramucci highlighted her strong campaign strategy, significant fundraising efforts, and better-organized field operations compared to Trump’s campaign. He pointed out that Harris’s lead in both financial resources and polling, combined with the overall voter registration numbers favoring Democrats, made her the likely winner in his eyes.
When asked about potential surprises in the election, Scaramucci pointed to Trump’s erratic behavior, citing controversial statements and alliances with problematic figures. He believes that such behavior will ultimately exhaust American voters, leading them to seek a more stable and predictable leader in Harris.
Regarding how this election could affect Asia, Scaramucci argued that stability in the U.S. is crucial for the region. He suggested that Harris represents a more consistent and reliable approach to governance, which would be beneficial for international relations and economic growth. In contrast, Trump’s unpredictability was viewed as a detriment to global stability.
