Crypto Power Breaks Down Regulatory Walls... Scaramucci "In the End, Money Was Everything"
Crypto Power Breaks Down Regulatory Walls... Scaramucci "In the End, Money Was Everything"
The virtual asset industry is reshaping the landscape of U.S. politics on the back of immense financial power. In this context, SkyBridge Capital founder Anthony Scaramucci pointed to the massive war chest of a cryptocurrency-focused political action committee as a decisive factor driving a shift in the Democratic Party’s stance.
On February 9 local time, CNBC-affiliated financial outlet Benzinga reported that Scaramucci, in a recent interview, highlighted the $193 million in funds amassed by the cryptocurrency PAC Fairshake, signaling impending changes in the political arena. He analyzed that the underlying reason prominent Democrats, including Senate Majority Leader Chuck Schumer, have turned more favorable toward cryptocurrencies is the harsh political reality that “money talks.”
The enormous financial clout of the virtual asset industry is causing divisions even within the Democratic Party, which has largely maintained a regulatory-first approach. Scaramucci explained that cryptocurrency advocates are using their $193 million war chest to pressure Democrats to distance themselves from anti-crypto figures such as SEC Chair Gary Gensler and Senator Elizabeth Warren. In this election cycle, cryptocurrencies are emerging as a form of financial power that goes beyond mere voting rights.
These political shifts are expected to extend beyond changes in rhetoric to tangible outcomes such as the passage of legislation and regulatory easing. Scaramucci predicted that Schumer is working closely with groups of crypto supporters, and that this movement will send positive signals across the industry, including clearer regulation of stablecoins. As large sums of money flow into politics, political barriers to cryptocurrencies are rapidly breaking down.
Against a backdrop of a more favorable political climate, the virtual asset market is preparing for a new growth phase. Following the approval of spot Bitcoin ETFs, institutional investor participation is accelerating, and with added political support, the integration of cryptocurrencies into mainstream finance could proceed even faster. Scaramucci emphasized that as political uncertainty is resolved, the intrinsic value of cryptocurrencies will be reassessed.
*Disclaimer: This article is for investment reference only, and no responsibility is assumed for investment losses based on its content. The information provided should be interpreted solely for informational purposes.*
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