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Kamala Harris is working with Anthony Scaramucci for establishing clear crypto policies on her campaign ahead of the US elections.
Key Notes
Kamala Harris is working with Anthony Scaramucci.Scaramucci seeks to establishing clear crypto policies on Harris' campaign.Scaramucci and his team are pushing Harris to back pro-crypto policies.Kamala Harris, the current Vice President of the United States and the Democratic candidate for the 2024 presidential elections, is working with Anthony Scaramucci, the former White House Director of Communications under Donald Trump, to establish clear crypto policies on her campaign.
According to a report from CNBC, Scaramucci, the founder of SkyBridge Capital, and an SEC-registered investment advisor, told a panel at the TOKEN2049 event on Thursday that he and a group of advisors are working together to form crypto policies for Harris’ campaign in an attempt to distance the Democrats from Senator Elizabeth Warren and Gary Gensler, the chairman of the Securities and Exchange Commission (SEC).
“There’s a group of cryptocurrency advocates, bitcoin advocates, etc. that are working alongside her to distance the Democratic Party away from Elizabeth Warren and [Gary Gensler],” said Scaramucci.
The Skybridge Capital founder also confirmed that Harris has been actively talking to prominent members of the digital asset sector and has decided to distance his campaign from Gensler and Warren, often seen as the enemies of the crypto space. Scaramucci confirmed that Harris has a number of meetings with crypto proponents lined up for this week as well.
Harris’ rival, Donald Trump, the Republican candidate for the upcoming elections, has capitalized on the popularity of cryptocurrencies and established himself as the crypto-friendly candidate. As reported earlier, Trump debuted a new crypto project called World Liberty Financial and also made history by purchasing burgers using Bitcoin. The recent move to work with Scaramucci can be seen as an attempt to appeal to the crypto voters in the United States.
According to the data from Polymarket, a betting platform, the chances of Harris winning the 2024 elections have climbed once again to 51%, while that of Trump stands at 48%. Over $144 million has been betted on Harris, while Trump has attracted bets worth $157 million.
Pushing Harris Towards Crypto-Friendly Policies
It is important to note that Scaramucci and his team of advisors are pushing Harris to back policies for the benefit of the crypto sector, while the VP hasn’t officially adopted a favorable stance on digital assets like her opponent Trump.
Scaramucci affirmed that his efforts are resulting in progress while adding that everything is “working out in the right direction.”
Earlier this year, Scaramucci admitted to owning cryptocurrencies as well, confirming that he has exposure to prominent projects including Algorand ALGO $0.13 24h volatility: 2.7% Market cap: $1.11 B Vol. 24h: $51.03 M , Casper CSPR $0.01 24h volatility: 1.7% Market cap: $146.16 M Vol. 24h: $4.34 M , Solana SOL $150.9 24h volatility: 8.8% Market cap: $70.70 B Vol. 24h: $3.86 B , and Avalanche AVAX $28.26 24h volatility: 9.7% Market cap: $11.47 B Vol. 24h: $574.44 M . It is possible that the entrepreneur has made changes to his portfolio since then.
The relationship between Trump and Scaramucci has been tense, as the Skybridge Capital founder only served as the Communications Director at the White House for six days, setting a record for the designation. Scaramucci went on to call the former US president and billionaire “a grifter.”
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
