Anthony Scaramucci, founder of SkyBridge Capital, called for President Donald Trump to abandon his cryptocurrency ventures, arguing they undermine efforts to pass essential legislation.
Trump’s Crypto Ventures ‘Hurting’ Industry
Speaking at the 2026 Semafor World Economy summit in Washington, D.C., Scaramucci specifically criticized the Official Trump (CRYPTO: TRUMP) memecoin, which has lost nearly all its value since peak levels.
“If you’re in opposition to the president and he’s launching meme coins, which are now down 96-97% right now, that’s going to hurt our ability to get the legislation done that’s important for the industry,” the Bitcoin (CRYPTO: BTC) bull said.
Scaramucci said he’d still favor the Trump administration over the Biden administration on cryptocurrency matters, but he’d prefer the president “get out of the cryptocurrency business.”
Notably, TD Cowen warned in January that the Trump family's ventures, including the TRUMP memecoin and the USD1 stablecoin, could derail the progress of the key cryptocurrency market structure bill.
Crypto Policies Matter But Aren’t Everything, Says Scaramucci
Scaramucci, in the past, has lauded Trump’s foresight in recognizing the potential of cryptocurrencies, along with his appointments of key figures such as former White House Crypto Czar David Sacks, Treasury Secretary Scott Bessent and SEC Chair Paul Atkins.
Yet, Scaramucci remains a harsh critic of Trump’s economic and foreign policies. Earlier this year, he called on Republicans to “break ranks” with the president, citing his “deep unpopularity.”
In fact, when asked if all the cryptocurrency progress made—or expected—under the Trump administration was worth everything else that comes with it to him personally, Scaramucci emphatically replied, “No.”
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