Anthony Scaramucci, an influential cryptocurrency advocate and founder of investment firm SkyBridge Capital, has alternated between supporting President Donald Trump's pro-cryptocurrency pivot and warning of the potential pitfalls of some of his decisions.
What happened: Scaramucci, who served as the White House Communications Director for a brief 11-day stint during Trump’s previous presidency, has evolved into a vocal critic of the president on matters such as tariffs and economic growth.
That said, Scaramucci hasn't hesitated in giving credit to Trump for some of the latter's cryptocurrency policies.
At the peak of the presidential campaign last year, Scaramucci praised Trump for moving the needle on digital asset regulation and forcing a bipartisan conversation.
"I will applaud him for coming towards the industry," Scaramucci said about Trump.
Scaramucci has maintained that he is not a single-issue voter, and while he respects Trump and the Republicans’ efforts to push Bitcoin (CRYPTO: BTC) to the forefront, he is aware of the risks associated with Trump’s presidency.
Later, when Trump assumed office and delivered on the promise of establishing a Strategic Bitcoin Reserve, the former White House executive lauded the decision, saying it would be beneficial for the U.S.
Scaramucci also described the administration's plans to buy Bitcoin through revenue-neutral means rather than relying on taxpayer funds as a pragmatic and politically savvy move.
The former Trump aide acknowledged that the current administration has "smarter" people involved in formulating cryptocurrency regulation
However, Scaramucci has been unforgiving when it comes to criticism.
He deemed the launch of the Official Trump (CRYPTO: TRUMP) meme coin as "Idi Amin-level corruption" and a potential "mirage" for the cryptocurrency industry's hopes.
More recently, Scaramucci described Trump’s post, where the POTUS called his memecoin the “greatest of them all,” a “pump” attempt. “The jig is up,” he added.
Moreover, he joined Peter Schiff in questioning Trump's posts from his Truth Social account announcing a strategic cryptocurrency reserve. The timing of the posts had stoked suspicions of market manipulation and insider trading in some circles.
One could argue that Scaramucci offers a nuanced perspective that avoids one-sided cheerleading or criticism. He declined Benzinga’s request for comment due to his travel commitments.
Scaramucci previously revealed that a little over 55% of his net wealth is tied up in Bitcoin in addition to having a significant chunk of Solana (CRYPTO: SOL) in his portfolio.
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