According to Skybridge Capital founder Anthony Scaramucci, several pro-crypto figures have come together to help Kamala Harris in her election campaign. Their main mission: to ensure that the presidential candidate's crypto position distances itself from that of Securities and Exchange Commission (SEC) Chairman Gary Gensler.
Pro-crypto group steps up efforts to distance Kamala Harris from Gary Gensler and Elizabeth Warren
During a round table organized this Thursday as part of the TOKEN2049 event taking place in Singapore, Anthony Scaramucci has once again declared his support for Kamala Harris in the US presidential election. scheduled for November 5.
Skybridge Capital founder revealed that several personalities in favor of cryptocurrencies have formed a working group with the Democratic candidate.
💡 Discover our selection of the best platforms for investing in cryptocurrencies
According to Anthony Scaramucci, their primary objective would be to remove Kamala Harris – and more broadly members of the Democratic Party – from Senator Elizabeth Warren and Securities and Exchange Commission (SEC) Chairman Gary Gensler:
I am here [au TOKEN2049, à Singapour, NDLR]but there is a group of cryptocurrency advocates, Bitcoin advocates [BTC] who are working alongside him to move the Democratic Party, the future of the Democratic Party, away from Elizabeth Warren and Gary Gensler. I think we're making progress, and I think it's going in the right direction.
In recent months, The SEC chief has been the target of fierce criticism from the Republican camp. Donald Trump, also a candidate for the White House, said he would not hesitate to fire Gary Gensler if he were to be elected. The Republican Party and its supporters regret the conservative position of the current chairman of the US Securities and Exchange Commission on cryptocurrencies.
The observation is much the same for Elizabeth Warren. The Democratic senator from Massachusetts is known for her position in favor of strict regulation of cryptocurrencies.contrary to what many of his colleagues in the Republican Party want.
Buy crypto on eToro
Circle and BitGo CEOs Respond to Anthony Scaramucci's Comments
According to Anthony Scaramucci, the efforts of this working group could have positive consequences for the future of the cryptocurrency industry in the United States. “ There could be more positive legislation, more clarity for stablecoins and a broader regulatory framework on cryptocurrencies ” says the founder of Skybridge Capital.
In support of Kamala Harris, Anthony Scaramucci did not hesitate to criticize Donald Trump who according to him, “ prevents debate and the possibility of having a bipartisan political vision on the crypto ecosystem “.
BitGo CEO, Mike Belshepresent at this round table, responded to these statements. He stated ” that he had not had the same echoes in terms of policy on cryptocurrencies from Kamala Harris ». In the past, Mike Belshe had already shown his support for the Republican candidate by posting on X: ” If you care about crypto and freedom, you should vote for Donald Trump “.
Also in the news – US: 2 Republican lawmakers ask SEC to clarify legal status of airdrops
Finally, Jeremy Allaire who was also part of the debate, did not show any particular support for either candidate. ” Cryptocurrencies are a technology that continues to be developed and the innovation surrounding it is global. Know that technology does not care about politics ” said the CEO of Circle, specifying that ” Circle is purple, and crypto is purple “.
A statement that only half convinced Mike Belshe and who concluded as follows: ” Jeremy is right. No matter what happens here in this election, technology will endure.. However, political discussions around cryptocurrency remain necessary. What matters is what happens in the next 4 or 8 years. “.
Source: The Block
The #1 Crypto Newsletter 🍞
Receive a daily crypto news recap by email 👌
What you need to know about affiliate links. This page may feature investment-related assets, products, or services. Some links in this article may be affiliate links. This means that if you purchase a product or sign up for a site from this article, our partner pays us a commission. This allows us to continue to provide you with original and useful content. There is no impact on you and you can even get a bonus for using our links.
Investing in cryptocurrencies is risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers must do their own research before taking any action and only invest within the limits of their financial capacities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with a high return potential implies a high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of these savings. Do not invest if you are not prepared to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.